IRS Publishes Model Competent Authority Agreements for Exchange of CbC Reports
The U.S. IRS has updated its Country-by-Country Reporting Guidance page with the addition of two model competent authority agreements for the exchange of Country-by-Country (CbC) reports. The model bilateral agreements provide for the automatic reciprocal exchange of CbC reports based on either Article 6 (Exchange of Information and Administrative Assistance)] of a tax treaty or Article (Obje…
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