The Netherlands has published the English text of the bilateral competent authority agreement with the U.S. on the exchange of Country-by-Country (CbC) reports. The agreement provides that pursuant to the provisions of Article 30 (Exchange of Information and Administrative Assistance) of the 1992 income tax treaty between the two countries, as amended, each competent authority will automatically exchange CbC reports received from each reporting entity resident for tax purposes in its jurisdiction, provided that, on the basis of the information provided in the CbC report, one or more constituent entities of the MNE group of the reporting entity are resident...