The U.S. IRS has published the bilateral competent authority arrangement signed with Jamaica on the exchange of Country-by-Country (CbC) reports. The arrangement was signed 20 July 2017 and will apply once each competent authority notifies the other that it has the necessary laws in place to require CbC reports. The arrangement provides that pursuant to the provisions of Article 27 (Exchange of Information and Administrative Assistance) of the 1980 income tax treaty between the two countries, each competent authority will automatically exchange CbC reports received from each reporting entity resident for tax purposes in its jurisdiction, provided that, on the...