31 nations sign MCAA for boosting transparency in functioning of multinational enterprises

Q.  31 nations signed the MCAA to boost transparency in functioning of multinational enterprises through automatic exchange of country-by-country reports via tax administrators?
- Published on 29 Jan 16

a. Multilateral Competent Authority Agreement
b. Multiple Competent Authority Agreement
c. Multiple Computer Authority Agreement
d. Multilateral Cooperation Authority Agreement

ANSWER: Multilateral Competent Authority Agreement
 
31 nations on 27th January 2016 have signed the Multilateral Competent Authority Agreement for boosting transparency un functioning of multinational enterprises through automatic exchange of country by country reports by tax administrators. Signing of the agreement marks a shift towards implementation of OECD/G20 Base Erosion and Profit Shifting (BEPS) project.

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