Country-by-country reporting requires multinationals to disclose jurisdictional allocations of revenue, profit and taxes to tax authorities. Country-by-Country Reporting requires the parent or alternate reporting entity to file a Country-by-Country Report based on consolidated financial statements disclosing jurisdictional aggregates of revenue, profit before tax, tax paid and accrued, stated capital, accumulated earnings, employees and tangible assets, and identifying constituent entities and main business activities; filing, thresholds, prescribed forms and timelines apply and a designated income tax authority administers compliance.