The U.S. IRS has updated its Country-by-Country Reporting Jurisdiction Status Table, including the publication of a Memorandum of Understanding (MoU) with Indonesia in regard to local filing. The MoU includes that although Indonesia's CbC reporting requirements impose a local filing obligation if a CbC exchange arrangement is not operative (effective) by 30 April 2018, the Indonesian competent authority does not intend to impose local filing with respect to U.S. constituent entities in Indonesia. The MoU also includes that negotiations are ongoing with the intent to make an arrangement operative no later than 31 May 2018. The update also includes that...