The Bahamas House of Assembly Approves Law for CbC Reporting and Other BEPS Measures

On 17 May 2018, the Bahamas House of Assembly reportedly approved the Multinational Entities Financial Report Bill, 2018, which provides for Country-by-Country (CbC) reporting requirements and other measures in relation to the Bahamas' commitments as a BEPS Inclusive Framework member and its commitments for exclusion from the EU list of non-cooperative jurisdictions. With respect to CbC reporting, the Bill includes that the reporting requirement will apply for MNE groups meeting a USD (BSD) 8…