The U.S. IRS has published a Country-by-Country (CbC) FAQ dated 23 June 2017. The FAQ covers general questions, data format and structure, exchange of information, and reporting requirements. With regard to reporting requirements in particular, the FAQ provides that CbC report Form 8975 and Schedules A may be filed from 1 September 2017, including on a voluntary basis for periods beginning on or after 1 January 2016 but before the U.S. mandatory reporting period (periods beginning on or after 30 June 2016). The CbC report should be filed using the IRS-approved XML schema submitted via the Modernized e-File (MeF) system....