On 31 May 2017, the U.S. IRS published the competent authority agreements on the exchange of Country-by-Country (CbC) reports with Iceland and New Zealand. The agreements as published do not indicate their respective signed dates, although it is assumed they were signed prior to the date they were published (31 May), and are therefore effective as provided in the respective agreement.
Iceland Agreement
The agreement with Iceland provides that pursuant to the provisions of Article 25 (Excha…