According to an update to the IRS Country-by-Country Reporting Jurisdiction Status Table, the U.S. signed a competent authority arrangement on the exchange of Country-by-Country (CbC) Reports with Croatia on 10 July 2018, which is the first such arrangement for the U.S. that operates under the Mutual Assistance Convention. The arrangement is operative (effective) from the date it was signed. The arrangement provides that pursuant to Article 6 (Automatic Exchange of Information) of the Mutual Assistance Convention, each competent authority intends to automatically exchange CbC reports received from each reporting entity resident for tax purposes in its jurisdiction, provided that, on...