The Jersey Government has published the bilateral competent authority arrangement on the exchange of Country-by-Country (CbC) reports with the United States. The arrangement was signed by Jersey on 29 November 2017 and by the U.S. on 7 December 2017, and is operative (effective) from the latter date of signature. The arrangement provides that pursuant to Article 5A (Automatic Exchange of Information) of the 2002 Jersey-U.S. tax information exchange agreement, as amended, each competent authority intends to automatically exchange CbC reports received from each reporting entity resident for tax purposes in its jurisdiction, provided that, on the basis of the information...