Published Paper Details:

This article clarifies two important elements in the field of international taxation: Country-by-Country (CBC) reporting and the General Anti-Avoidance Rule (GAAR). Multinational corporations (MNEs) are required to disclose detailed financial data on a per-country basis under CBC reporting, a crucial element of the OECD's BEPS strategy. GAAR, on the other hand, prevents tax avoidance by prohibiting fabricated transactions that are pursued purely for tax benefits. This article explains the dynamic relationship between CBC reporting and GAAR. It illustrates how tax authorities use CBC data to identify risks of tax evasion and implement GAAR controls as necessary. Additionally, it highlights variations in thresholds and interpretations around the globe as it navigates the landscape of jurisdictional inequalities in adopting GAAR and CBC reporting. This article emphasizes the importance of compliance with GAAR and CBC reporting as well as the consequences of non-compliance. This brief work gives you the knowledge you need to navigate the complex world of international taxation, assuring compliance with changing laws, whether you're a taxpayer or a tax expert.