Common Contracts

Agreement between the Competent Authorities of the United Kingdom of Great Britain and Northern Ireland and the States of Guernsey on the Exchange of Country-by- Country Reports

November 29th, 2017

• Filed
  November 29th, 2017

Whereas, the Governments of the United Kingdom of Great Britain and Northern Ireland and the States of Guernsey desire to increase international tax transparency and improve access of their respective 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;