Tax & Accounting Blog

On September 6, 2018, Deputy Javier Salinas Narváez, a member of Mexico’s Parliamentary Group of the Party of the Democratic Revolution, submitted to the Chamber of Deputies a draft decree to tax digital services. See BEPS Action 1. Under the draft decree, a 3% digital services tax (DST) would apply to both … Read More

Joe Calianno is a Tax Partner in the National Tax Office and serves as BDO’s International Technical Tax Practice Leader.  He also is a former Special Counsel to the Deputy Associate Chief Counsel (International) in the office of Chief Counsel for the Internal Revenue Service (IRS). Additionally, Mr. Calianno is a member of the … Read More

On January 1, 1994, the world of international trade witnessed something unprecedented: the birth of a multilateral free trade agreement covering the three largest countries (by land mass and economic power) on the North American continent. The ever-influential, never uncontroversial North American Free Trade Agreement (NAFTA) was launched, transforming business in the region in ways … Read More

On September 28, 2018, both houses of the Swiss Parliament (i.e., the Council of States and National Council) adopted an amended version of the Tax Proposal 17 (TP17) measures, via the Federal Law on Tax Reform on AHV Funding (TRAF). TRAF ends various cantonal corporate tax privileges for Swiss holding (or domiciled) companies, but … Read More

Today, let’s talk about NACHA. For those not familiar, NACHA administers and facilitates private-sector Operating Rules for ACH payments, which define the roles and responsibilities of ACH Network participants (i.e. direct deposit for payroll companies). Nearly $47 trillion was moved through the ACH Network last year — a testament to the safe, smooth and successful operation of the … Read More

On October 2, 2018, Australia’s Treasury released a Discussion Paper on the digital economy and Australia’s corporate tax system. See BEPS Action 1. Under the current international tax framework, companies are generally taxed in the jurisdiction where physical assets, capital, and labor are located. The source of income and residence of the taxpayer … Read More