U.S. IRS Publishes CbC Report Tax Statistics

The U.S. IRS recently published updated tax statistics based on data taken from Country-by-Country (CbC) reports (Form 8975 and Form 8975 Schedule A). This includes data on the number of filers, revenues, profit, income taxes (paid/accrued), earnings, number of employees, tangible assets, and number of constituent entities for the years 2016 to 2018.

The data is presented in various ways, including by major geographic regions and selected tax jurisdictions, by major industry groups, and by …