Tax & Accounting Blog

Two More Combined Tax Areas In Texas

Two More Combined Tax Areas In Texas

Texas has added two new combined tax areas since April: Fate/Rockwall County Assistance District (effective April 1st 2016) Cleveland/East Montgomery County Improvement District (effective July 1st 2016) This brings the total number of combined tax areas in Texas up to 42. Combined tax areas are “unique areas where a portion of a city overlaps another … Read More

Liechtenstein Opens Consultation on Implementation of Beneficial Ownership Register

Liechtenstein Opens Consultation on Implementation of Beneficial Ownership Register

On July 12, 2016, Liechtenstein released a 193-page consultation on the implementation of a beneficial ownership registry in line with the Fourth EU Anti-Money Laundering Directive (EU 2015/849). Companies would have to disclose the identities of their ultimate owners under a proposal to come in line with European anti-money laundering recommendations. See … Read More

Mercosur and EU FTA

Mercosur and EU FTA

Twelve years after the first discussions about a possible Free Trade Agreement between MERCOSUR[1] and the European Union, members of the two blocs met in Brussels on 12 May 2016 and exchanged a list of commercial offers between them. This exchange, which occurred for the first time since 2004, included almost all agricultural … Read More

Germany Implements Changes to the EU Mutual Assistance Directive

Germany Implements Changes to the EU Mutual Assistance Directive

On July 13, 2016, the German Federal Ministry of Finance issued a press release saying that the German Federal Cabinet has adopted draft legislation adding new anti-avoidance measures and implementing OECD and EU standards on automatic exchange of information and transfer pricing documentation. The EU issued Directive 2015/2376, amending Directive … Read More