The U.S. IRS has published the competent authority arrangements on the exchange of Country-by-Country (CbC) reports with Denmark and Guernsey. The arrangement with Denmark was signed 21 June 2017 and the arrangement with Guernsey was signed 22 June 2017. The arrangements provide that pursuant to the exchange of information provisions of the 1999 income tax treaty with Denmark and the 2002 tax information exchange agreement with Guernsey, as amended (2013), 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...