New CAAs on Exchange of CbC Reports Pushes Total to 20
The IRS has concluded competent authority arrangements (“CAAs”) for the exchange of country-by-country (“CbC”) reports with Australia and the United Kingdom. The CAA with Australia was signed in...
View ArticleIRS Updates Country-by-Country Reporting Instructions
On July 10, the IRS updated the Instructions for Form 8975 and Schedule A (Form 8975). Form 8975 (Country-by-Country Report) is used by taxpayers that are the parent entity of a U.S. multinational...
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