Page 8 - EY-VG_Aralık_2021_v3
P. 8

Limited information

          CbCR statistics do not contain information about items such
          as intangible assets (e.g., patents, trademarks), liabilities,
          intragroup interest and royalty payments, or tax bases that
          might be useful for BEPS analysis.

          Financial years covered

          Anonymous and aggregated CbCR data for 2016, published
          in the second edition of Corporate Tax Statistics, have been
          compiled for fiscal years beginning January 1, 2016 to
          July 1, 2016. Thus, comparability between 2016 and 2017
          (which covers CbCRs with fiscal years ending between 1
          January 2017 and 31 December 2017) data is limited and
          some CbCR data may be included in both periods.

          Aggregated data

          Aggregated data has a limiting effect as it reduces the detail
          of the data and hides the effects of possible outliers.

          Tax-exempt groups

          Tax-exempt MNE groups and entities within a tax-exempt
          MNE group are generally included in the CbCR statistics in
          countries where they are not specifically excluded from the
          statistics. The inclusion of tax-exempt organizations and MNE
          groups affects the analysis of aggregated data because they
          usually have revenue, profit/loss amounts, and employees
          but no taxes paid or accrued.

          The publication of anonymous and aggregated CbCR data
          provides an important new source of data on MNEs and their
          global activities. The scope and quality of this new dataset
          is expected to increase in future periods as MNEs improve
          the consistency of their reporting and countries improve
          the consistency of their data collection practices, as more
          countries provide data, and as issues related to the early
          years of data collection are addressed.

          While implementation of measures designed to combat
          BEPS has advanced strongly since 2017, these data provide
          motivation for the need to continue to address remaining
          BEPS issues through multilateral action. Furthermore, these
          data highlight the need to strengthen CbCR data in the years
          to come to further assist the international community in
          continuing to measure and monitor BEPS and in advancing
          the international tax agenda.

          Explanations in this article reflect the writer's personal view on the
          matter. EY and/or Kuzey YMM ve Bağımsız Denetim A.Ş. disclaim any
          responsibility in respect of the information and explanations in the
          article. Please be advised to first receive professional assistance from
          the related experts before initiating an application regarding a specific
          matter, since the legislation is changed frequently and is open to different

     8                                                 December 2021                                                                                                           Aralık 2021
   3   4   5   6   7   8   9   10   11   12   13