On 11 August 2017, the U.S. IRS announced it is now accepting Form 8975, Country-by-Country Report.

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Parent entities of U.S. multinational enterprise (MNE) groups with $850 million or more of revenues in a previous annual reporting period can now file Form 8975, Country-by-Country Report, with their annual income tax return. Form 8975, and attached Schedules A, will report a U.S. MNE g…