Tax & Accounting Blog

BDO’s Joseph Calianno on Companies’ Response to the TCJA

BDO’s Joseph Calianno on Companies’ Response to the TCJA

Joe Calianno is a Tax Partner and serves as BDO’s International Technical Tax Practice Leader. He also is a former Special Counsel to the Deputy Associate Chief Counsel (International) in the office of Chief Counsel for the Internal Revenue Service (IRS). Additionally, Mr. Calianno is a member of the AICPA’s Tax Executive Committee, and previously … Read More

South Korea Issues Enforcement Decree and Guidance on 2018 Tax Reform Measures

South Korea Issues Enforcement Decree and Guidance on 2018 Tax Reform Measures

On February 13, 2018, South Korea’s Ministry of Strategy and Finance (MOSF) issued an Enforcement Decree to provide guidance on the 2018 tax reform legislation, enacted on December 19, 2017, which includes the BEPS Action 2, 4, and 13 measures discussed below. Hybrid Mismatch Rules (BEPS Action 2) Hybrid mismatch arrangements exploit differences in … Read More

Sweden Proposes New Rules on Interest Deductibility and Hybrid Mismatches

Sweden Proposes New Rules on Interest Deductibility and Hybrid Mismatches

On March 21, 2018, Sweden’s  Ministry of Finance issued draft legislation to amend Sweden’s corporate tax rules, including to implement anti-hybrid mismatch and interest expense limitation rules based on the EU Anti-Tax Avoidance Directive (ATAD 1) issued on July 12, 2016, and the May 19, 2017, amendments … Read More

India Enacts Digital PE, and Other BEPS, Measures

India Enacts Digital PE, and Other BEPS, Measures

On March 29, 2018, India published the Finance Act 2018 in the official gazette, thereby becoming one of the first countries to expand its permanent establishment (PE) rules to include activities of non-residents that do not give rise to a physical presence in India. The foregoing measures will apply from April 1, 2019. Editor’s … Read More