Caplin & Drysdale's Peter A. Barnes
recently moderated a panel discussion on the IRS and CbC reporting for the 27th Annual Institute on Current Issues in International Taxation. For the complete article, please visit Worldwide Tax Daily's website
(subscription required).Excerpt taken from the article "OECD Considering CbC Reporting Exemption for Small Taxpayers" by Stephanie Soong Johnston and Kristen A. Parillo for Worldwide Tax Daily.
Panel moderator Peter A. Barnes of Caplin & Drysdale said questions are arising about whether the IRS will be able to make use of data collected through CbC reporting.