The OECD has announced that Ministers and top tax officials from more than 30 countries are set to sign an international agreement that will significantly advance the fight against corporate tax avoidance. The representatives will sign the [Multilateral Competent Authority Agreement](http://www.oecd.org/tax/automatic-exchange/international-framework-for-the-crs/) (MCAA) at the OECD on Wednesday 27 January 2016.
This is the first signing ceremony for adhesion to the MCAA, which will facilitate automatic exchange of Country-by-Country reporting called for in the OECD/G20 [Base Erosion and Profit Shifting Project](http://www.oecd.org/tax/beps.htm).
The MCAA will enable consistent and swift implementation of new transfer pricing reporting standards developed under [Action 13](http://www.oecd.org/tax/transfer-pricing-documentation-and-country-by-country-reporting-action-13-2015-final-report-9789264241480-en.htm) of the BEPS Action Plan, ensuring that tax administrations obtain a complete understanding of the way multinational enterprises (MNEs) structure their operations, while also ensuring that the confidentiality of such information is safeguarded.
For further information on Country-By-Country Reporting click
[here](http://www.oecd.org/tax/transfer-pricing-documentation-and-country-by-country-reporting-action-13-2015-final-report-9789264241480-en.htm).