Common Contracts
1 similar Arrangement on the Exchange of Country-by-Country Reports contracts
ARRANGEMENT BETWEEN THE COMPETENT AUTHORITY OF THE UNITED STATES OF AMERICA AND THE COMPETENT AUTHORITY OF BERMUDAArrangement on the Exchange of Country-by-Country Reports • January 10th, 2018
Whereas the Government of the United States of America and the Government of Bermuda desire to increase international tax transparency and improve access to information regarding the global allocation of the income, the taxes paid, and certain indicators of the location of economic activity among tax jurisdictions in which multinational enterprise groups (“MNE Groups”) having a Reporting Entity resident for tax purposes in Bermuda operate through the automatic exchange of annual country- by-country reports (“CbC Reports”) by the Competent Authority of Bermuda (the “Bermuda Competent Authority”) with the Competent Authority of the United States of America (the “United States Competent Authority”), with a view to assessing high-level transfer pricing risks and other base erosion and profit shifting related risks, as well as for economic and statistical analysis, where appropriate;
