The Organisation for Economic Cooperation and Development (OECD) today announced that seven jurisdictions—Gabon, Hungary, Indonesia, Lithuania, Malta, Mauritius, and the Russian Federation—have signed the Multilateral Competent Authority Agreement for Country-by-Country Reporting (CbC MCAA), bringing the total number of signatories to 57.
The agreement is part of continuing efforts to boost transparency by multinational enterprises. The CbC MCAA allows signatories to bilaterally and automatically exchange country-by-country reports with each other, as contemplated by Action 13 of the base erosion and profit shifting (BEPS) project.
Read the OECD release
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