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14 August 2024

EY thought leadership | Why public disclosure will require renewed focus on CbC reporting

With public country-by-country reporting (CbCR) becoming a reality in many jurisdictions, it's important for businesses to be prepared to provide context for the information in their reports for a wide audience. Affected businesses will be required to publicly disclose revenue, income taxes paid and other information on a country level. A standardized report with this information may not offer casual readers a clear picture of businesses' activities. With public disclosure making this data available to stakeholders, competitors and the broader community, it is important to consider how the public CbCR aligns with a business's overall corporate strategy, Environmental, Social and Governance (ESG) policy and stakeholder expectations. A full discussion of this topic is set out in this new EY thought leadership article.

Document ID: 2024-1550

 
 

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