Tax & Accounting Blog

EY’s Terry Cardew on Banks’ Response to the U.S. TCJA

EY’s Terry Cardew on Banks’ Response to the U.S. TCJA

Terry Cardew is Banking & Capital Markets tax leader for EY’s Financial Services Office. His experience includes a variety of tax planning, consulting, and compliance projects for multi-national financial services companies headquartered in the U.S. and outside the U.S., as well as for various global real estate funds and alternative investment vehicles. In his current … Read More

Canada Releases Recommendations on Taxation of Digital Economy

Canada Releases Recommendations on Taxation of Digital Economy

On April 26, 2018, Canada’s House of Commons released a Report of the Standing Committee on International Trade, E-Commerce: Certain Trade-Related Priorities of Canada’s Firms. The report includes recommendations for consideration by the House of Commons. These recommendations encourage the Canadian government to ensure fair taxation in the digital economy, as … Read More

Argentina Issues VAT Regulations on Digital Services

Argentina Issues VAT Regulations on Digital Services

On April 24, 2018, Argentina published Decree No. 354/2018 in the official gazette, implementing and clarifying the 2018 tax reform amendments to the country’s VAT rules on the supply of digital services by non-residents. Legislative Background On December 29, 2017, Argentina published Law 27,430 in the official gazette, enacting VAT rules on … Read More

18th Annual NYU/KPMG Tax Lecture Addresses International Provisions of TCJA

18th Annual NYU/KPMG Tax Lecture Addresses International Provisions of TCJA

On April 25, 2018, NYU and KPMG held its 18th Annual Tax Lecture, The Tax Cuts and Jobs Act – Navigating the Sea Change of U.S. International Tax. According to several panelists, Congress layered the new international tax provisions in the Tax Cuts and Jobs Act (TCJA) on top of current tax rules, as opposed … Read More

Poland Requires Annual Update of Financial Transaction Information in Transfer Pricing Documentation

Poland Requires Annual Update of Financial Transaction Information in Transfer Pricing Documentation

On April 3, 2018, Poland’s Ministry of Finance issued General Interpretation No. DCT.8201.6.2018 of March 28, 2018 regarding updates to  transfer pricing documentation (TPD). Pursuant to Article 9(a)(2)(g) of the Corporate Income Tax Act (CIT), Polish taxpayers must update their TPD each year to account for financial … Read More