Government to control large companies to limit capital outflow

The Government provided for controls on international transactions between companies in the same economic group because the loss of tax revenue as a result of harmful tax planning techniques amounts to 4.4% of GDP. The regulations require economic groups with annual incomes over 2 billion pesos ($29.54 mn) to submit “Master Reports”, with information on strategic planning for the financial group as a whole.

Source: Ámbito