Tax & Accounting Blog

Plugging In: Get Familiar with Shared Service Centers’ Impact on Tax and Accounting

Plugging In: Get Familiar with Shared Service Centers’ Impact on Tax and Accounting

Blog, ONESOURCE December 6, 2017

In this three-part series, we will outline the impact Shared Service Centers have on statutory reporting and unveil a forthcoming feature of Thomson Reuters ONESOURCE Statutory Reporting. We took our last snapshot of how multinationals are handling statutory compliance in 2016, when we found that roughly half of the multinationals we surveyed were using or … Read More

CbC Reporting in Countries without a BCAA with the US-Surrogate or Local Filing

CbC Reporting in Countries without a BCAA with the US-Surrogate or Local Filing

The IRS has announced that they will not be able to execute bilateral competent authority agreements (BCAA) with all countries expecting a CBC report for 2016. Should impacted US Multinational Enterprises (MNEs) file locally or use a surrogate? At play are four countries, France, Indonesia, Jersey, and Spain [1] — all of … Read More