Tax & Accounting Blog

French Finance Minister Presents Proposals on Combating Tax Avoidance

French Finance Minister Presents Proposals on Combating Tax Avoidance

On April 11, 2016, the Minister of Finance and Public Accounts, Michel Sapin, issued a press release discussing the 13 proposals France presented at the recent G20 Summit and International Monetary Fund meetings in Washington, D.C. These proposals are in response to the “Panama Papers,” and confirm the country’s commitment to fight against … Read More

Germany Initiates Consultation on OECD CbCR Exchange Multilateral Agreement

Germany Initiates Consultation on OECD CbCR Exchange Multilateral Agreement

On April 12, 2016, Germany’s Federal Ministry of Finance issued a draft law that would implement the OECD Multilateral Competent Authority Agreement on the Exchange of Country-by-Country (CbC) Reports (“MCAA”) that the government signed on to with 30 other countries on January 27, 2016. The MCAA describes the type of information … Read More

Putting the Brakes on Imports of Cultural Property

Putting the Brakes on Imports of Cultural Property

Author: Mark K. Neville, Jr., LL.M. (International Legal Studies), NYU, is Principal of International Trade Counsellors and may be reached at mkneville@itctradelaw.com. He has served as an adjunct professor at the University of California, Berkeley’s Haas School of Business and NYU’s Stern School. Mr. Neville is the Journal’s Customs & Trade correspondent and a member … Read More

Canada Publishes Information Circular 70-6R7 on Exchange of Information

Canada Publishes Information Circular 70-6R7 on Exchange of Information

Canada supports the OECD BEPS Action 5 recommendations  and has committed to the spontaneous exchange of information on tax rulings with other countries. In Information Circular (IC) 70-6R7, which replaces IC 70-6R6 (dated August 29, 2014), the Canada Revenue Agency (CRA) outlines the types of rulings that may be shared with … Read More

Switzerland Initiates Consultation on OECD CbCR Exchange Multilateral Agreement

Switzerland Initiates Consultation on OECD CbCR Exchange Multilateral Agreement

On April 13, 2016, Switzerland’s Federal Council announced that it initiated a consultation on the OECD Multilateral Competent Authority Agreement on the Exchange of Country-by-Country (CbC) Reports (the “MCAA”) that the government signed on to with 30 other countries on January 27, 2016. The MCAA describes the type of information to be exchanged … Read More

Russia Presents Draft Legislation on Country-by-Country Reporting

Russia Presents Draft Legislation on Country-by-Country Reporting

On April 8, 2016, the Ministry of Finance of the Russian Federation presented for public discussion a draft law addressing the preparation and submission of country-by-country (CbC) reports. The draft legislation, which amends Part One of the Tax Code of the Russian Federation, was developed in response to BEPS initiatives and in general, … Read More