Common Contracts

Competent Authority Agreement

Competent Authority Agreement • October 3rd, 2018

• Contract Type
  Competent Authority Agreement
• Filed
  October 3rd, 2018

Whereas, the Isle of Man and the Turks and Caicos Islands intend to increase international tax transparency and improve access tax authorities 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 (MNE) Groups operate through the automatic exchange of annual CbC Reports, 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;