According to an update to the IRS Country-by-Country Reporting Jurisdiction Status Table, the U.S. signed a bilateral competent authority arrangement on the exchange of Country-by-Country (CbC) Reports with Colombia on 30 August 2017. The arrangement is effective from the date it was signed. The arrangement provides that pursuant to the provisions of Article 4 (Exchange of Information) of the 2001 tax information exchange agreement between the two countries, 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 provided in the...