The U.S. IRS has published the bilateral competent authority arrangement on the exchange of Country-by-Country (CbC) reports with Jersey. The arrangement was signed 7 December 2017 and is operative (effective) from that date.
The arrangement provides that pursuant to Article 5A (Automatic Exchange of Information) of the 2002 Jersey-U.S. tax information exchange agreement, as amended, each competent authority intends to automatically exchange CbC reports received from each reporting entity t…