On 12 May 2016, officials from Canada, China, Iceland, India, Israel and New Zealand signed the Multilateral Competent Authority Agreement (MCAA) for the exchange of Country-by-Country (CbC) reports during a signing ceremony in Beijing. The signing brings the total number of signatories to 39.
As part of the conditions for signing the CbC MCAA, signatories must be a party to the OECD Council of Europe Convention on Mutual Administrative Assistance in Tax Matters and have (or commit to intro…