The U.S. IRS has published the non-reciprocal bilateral competent authority arrangement on the exchange of Country-by-Country (CbC) reports with the Cayman Islands. The arrangement was signed 8 March 2017 and is operative (effective) from that date.
The arrangement provides that pursuant to the provisions of Article 6 (Automatic Exchange of Information) of the 2013 Cayman Islands-United States tax information exchange agreement, the Cayman Islands Competent Authority intends to exchange wit…