Tax & Accounting Blog

U.S. IRS Revises Chief Counsel Notice on Section 385

U.S. IRS Revises Chief Counsel Notice on Section 385

On June 30, 2016, the U.S. Internal Revenue Service (IRS) Chief Counsel issued Notice CC-2016-009. This notice alerts attorneys that the Chief Counsel Directives Manual (CCDM) has been revised to reflect updated requirements for coordinating issues, code sections, and documents with the appropriate Associate Chief Counsel in the National Office. The Office of … Read More

Liechtenstein Opens Consultation on Implementation of Beneficial Ownership Register

Liechtenstein Opens Consultation on Implementation of Beneficial Ownership Register

On July 12, 2016, Liechtenstein released a 193-page consultation on the implementation of a beneficial ownership registry in line with the Fourth EU Anti-Money Laundering Directive (EU 2015/849). Companies would have to disclose the identities of their ultimate owners under a proposal to come in line with European anti-money laundering recommendations. See … Read More

Germany Implements Changes to the EU Mutual Assistance Directive

Germany Implements Changes to the EU Mutual Assistance Directive

On July 13, 2016, the German Federal Ministry of Finance issued a press release saying that the German Federal Cabinet has adopted draft legislation adding new anti-avoidance measures and implementing OECD and EU standards on automatic exchange of information and transfer pricing documentation. The EU issued Directive 2015/2376, amending Directive … Read More

4 Types of Questions That Will Make a Splash Cultivating Relationships With Prospects via Email

4 Types of Questions That Will Make a Splash Cultivating Relationships With Prospects via Email

Understanding your clients’ needs is crucial to tailoring your products so they’re getting the most effective solutions but it can be challenging to ask the right questions. Jumping in feet first by asking the right questions can make a big splash. Here are four types of questions to ask when cultivating relationships with prospects. Reflective, … Read More

OECD Holds Second Round of Tax Talks

OECD Holds Second Round of Tax Talks

On July 12, 2016, the OECD Centre for Tax Policy and Administration held its second round of tax talks, which included details regarding the BEPS discussion drafts, recent country-by-country reporting (CbCR) guidance, and standardized XML Schema for the exchange of tax rulings and the Common Reporting Standard (CRS). The speakers included Pascal Saint-Amans, … Read More