Tax & Accounting Blog

Final Regulations Issued on U.S. Property Held by CFCs in Partnership Transactions

Final Regulations Issued on U.S. Property Held by CFCs in Partnership Transactions

Treasury and IRS issued final regulations (Final Regulations) on partnership transactions where U.S. property is held by a controlled foreign corporation (CFC). See BEPS Action 3 and Internal Revenue Code (IRC) section 956. The Final Regulations were filed on November 2, 2016 and are scheduled to be published in … Read More

Social Media and SEO Go Together Like Candy and Halloween

Social Media and SEO Go Together Like Candy and Halloween

Guest Author: Daniel Klizas Before you break open those bags of sweets that you bought for trick-or-treaters but secretly hope to enjoy yourself, it’s time for your social media efforts to go into high gear. Our last two blogs have talked about trick or treating and what kind of super powerRead More

Hong Kong Launches Consultation on Implementation of OECD BEPS Measures

Hong Kong Launches Consultation on Implementation of OECD BEPS Measures

As a major trading centre, Hong Kong's commitment to, and implementation of, the OECD/G20 BEPS measures is of considerable interest. Hong Kong is an Associate in the inclusive framework established by the OECD for implementing the BEPS package. In a significant development, the Hong Kong Government on October 26, 2016 launched a consultation … Read More

Everyone Thinks SEO Is a Trick but When Combined With Social Media It Can Be a Real Treat

Everyone Thinks SEO Is a Trick but When Combined With Social Media It Can Be a Real Treat

Guest Author: Daniel Klizas What is your favorite candy? Milky Way, M&Ms, Reese’s Peanut Butter Cups, Snickers or maybe a good old fashioned Hershey’s Bar? Many children and adults alike agree that the best part of Halloween is dressing up and going trick-or-treating to fill pumpkin-shaped baskets or pillow cases with as much candy as … Read More

Ireland Updates Country-by-Country Reporting FAQs

Ireland Updates Country-by-Country Reporting FAQs

On October 13, 2016, Ireland updated its Country-by-Country Reporting Frequently Asked Questions (FAQs). The FAQs relate to the OECD BEPS Action 13 country-by-country (CbC) reporting requirements and the Irish legislation implementing these requirements. This legislation is included in section 891H of the Taxes Consolidation Act 1997 (TCA 1997)Read More