Over 120 Countries Adopted Tax Transparency Rules, OECD Says

Around five more countries have adopted the OECD’s country-by-country reporting standard in the last year, a new report says.

More than 120 countries now have a domestic legal framework for country-by-country reporting in place, according to the OECD’s latest peer review report, compared with more than 115 in 2024.

The rise is similar to the year prior, when over 110 countries held a domestic legal framework in 2023.

The OECD’s country-by-country reporting standard, completed in 2015, aims to prevent base erosion and profit shifting by multinationals.

Under the reporting standard, companies are required to share financial information ...