Tax & Accounting Blog

Canada’s 2018 Draft Federal Budget Includes BEPS Provisions

Canada’s 2018 Draft Federal Budget Includes BEPS Provisions

On February 27, 2018, Canada released its draft Federal Budget 2018, which was tabled in the House of Commons. The Budget contains numerous BEPS provisions, including reporting requirements on beneficial ownership of trusts, and specific rules for foreign affiliates. Reporting Requirements of Beneficial Ownership of Trusts To improve the collection of … Read More

Netherlands Introduces Fiscal Policy Agenda to Combat Tax Evasion and Avoidance

Netherlands Introduces Fiscal Policy Agenda to Combat Tax Evasion and Avoidance

On February 23, 2018, the Dutch State Secretary for Finance (“Finance Secretary”) sent two policy letters to Parliament on the fiscal policy agenda and approach to tax avoidance and evasion. See also the press release. These letters include the Finance Secretary’s priorities for the period up to … Read More

U.S. IRS to Take Leading Role in Multilateral CbC Report Risk Assessment

U.S. IRS to Take Leading Role in Multilateral CbC Report Risk Assessment

On February 9, 2018, Jennifer Best, Director of Treaty and Transfer Pricing Operations, U.S. IRS Large Business and International (LB&I) Division, said during a panel event at a mid-year conference sponsored by the American Bar Association Tax Section in San Diego that the IRS intends to take a leading role in … Read More