The Isle of Man Government has published the bilateral competent authority agreement on the exchange of Country-by-Country (CbC) reports that was signed with Guernsey on 19 July 2017. The agreement provides that pursuant to Article 24 (Exchange of Information) of the 2013 Guernsey-Isle of Man income tax treaty, 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 for tax purposes in...