According to a 3 November 2020 update to the IRS Country-by-Country Reporting Jurisdiction Status Table, the U.S. signed an agreement on the exchange of Country-by-Country (CbC) reports with Germany on 14 August 2020. The agreement provides that CbC reports will be automatically exchanged but with the terms of exchange to be set out in a separate competent authority arrangement. Exchange under the agreement will commence after the separate competent authority arrangement is operative.
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