Tax & Accounting Blog

BEPS and Other Notable Int’l Measures in Draft Senate GOP Tax Reform Plan

BEPS and Other Notable Int’l Measures in Draft Senate GOP Tax Reform Plan

The release of major tax reform legislation in the U.S. is generating great interest around the world. The proposal to cut the U.S. corporate tax rate significantly, and the potentially dramatic effect on international taxation generally, make the legislation that much more important. On November 9, 2017, the U.S. Senate Finance Committee (the “Committee”) released … Read More

How the Common Reporting Standard (CRS) and Global Trends are Affecting Financial Institutions’ Use of Technology

How the Common Reporting Standard (CRS) and Global Trends are Affecting Financial Institutions’ Use of Technology

The drive for global tax transparency continues to gain speed while financial institutions (FIs) also grapple with emerging disruptive financial technology innovations and growing threats to data security. Building on the U.S.-led FATCA regulations, the first wave of reporting for the OECD-led initiative, the CRS, includes 49 jurisdictions undertaking the first exchange of financial information … Read More

BEPS and Other Notable Int’l Measures in Final U.S. House GOP Tax Reform Bill

BEPS and Other Notable Int’l Measures in Final U.S. House GOP Tax Reform Bill

The release of major tax reform legislation in the U.S. is generating great interest around the world. The proposal to cut the U.S. corporate tax rate significantly, and the potentially dramatic effect on international taxation generally, make the legislation that much more important. On November 2, 2017, the Republican members of the U.S. House of … Read More