Tax & Accounting Blog

KPMG’s Manal Corwin on the OECD BEPS Multilateral Instrument

KPMG’s Manal Corwin on the OECD BEPS Multilateral Instrument

Manal Corwin is national leader of the International Tax practice of KPMG LLP (U.S.) and principal in charge of International Tax Policy in the firm’s Washington National Tax practice. In addition, she leads KPMG’s Global BEPS network. Earlier in her career, Corwin served as deputy assistant secretary for International Tax Affairs in the Office of … Read More

CRS: Considerations for Reporting & Understanding Early Adopter Jurisdictions

CRS: Considerations for Reporting & Understanding Early Adopter Jurisdictions

As mounting regulation furthers the drive for international tax transparency, the consequences of non-compliance are becoming clearer for global financial institutions. From criminal tax penalties to a rise in audit activity to reputational damage, tax professionals around the world are implementing new procedures to maintain compliance with the utmost urgency. By design, CRS is based … Read More

Singapore Updates Guidance on Country-by-Country Reporting

Singapore Updates Guidance on Country-by-Country Reporting

On July 11, 2017, the Inland Revenue Authority of Singapore (IRAS) published the second edition of the e-tax guide (the “Guide”) on country-by-country (CbC) reporting. The first edition was published on October 10, 2016. See BEPS Action 13. The Guide provides guidance for taxpayers with respect to CbC reporting requirements, including how … Read More