The US and Australia signed a bilateral Competent Authority Arrangement on 1 August 2017 to exchange Country-by-Country (CbC) Reports. The arrangement is expected to apply for fiscal years beginning on or after 1 January 2016.

As at 3 August 2017, the US has such arrangements with 19 countries including Belgium, Brazil, Denmark, Guernsey, Ireland, Isle of Man, Netherlands, New Zealand, South Korea, South Africa.

[TT Month; LTN 148, 7/8/17]

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