Tax & Accounting Blog

Goodbye NAFTA, Hello USMCA

Goodbye NAFTA, Hello USMCA

Blog, Global Trade, ONESOURCE October 12, 2018

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

What You Need to Know About NACHA and ACH Payments

What You Need to Know About NACHA and ACH Payments

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

Australia Publishes Discussion Paper on Taxing Digital Economy

Australia Publishes Discussion Paper on Taxing Digital Economy

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