Tax & Accounting Blog

Compliance, reputational risk, and tax transparency

Compliance, reputational risk, and tax transparency

Whatever the forces are that have been promoting the benefits of tax transparency, they seem to be proving successful. Most respondents (53%) to our recent Thomson Reuters ONESOURCE survey said they think non-compliance with global regulations to promote tax transparency and curb tax avoidance can affect their institution’s reputation. These respondents were largely C-level executives … Read More

What Does the New Form W-8BEN-E Mean for Me?

What Does the New Form W-8BEN-E Mean for Me?

Blog, FATCA, ONESOURCE May 19, 2016

The new form W-8BEN-E has been released by the IRS. This means withholding agents will be required to gather this new form from beneficial owners going forward. Organizations will need to change systems and processes to accommodate this new form and validate all relevant details involved. In addition, the new form adds extra complexity to … Read More

In the Shadow of the Panama Papers, US Seeks to Address Weaknesses in Financial Transparency

In the Shadow of the Panama Papers, US Seeks to Address Weaknesses in Financial Transparency

Blog, FATCA, ONESOURCE May 10, 2016

One month! On May 5, just 32 days after the Panama Papers leaked the identities of shareholders and directors of over 200,000 companies by the Panamanian law firm Mossack Fonesca, the White House signaled their intent to introduce regulations that would provide greater transparency and sharing of data. In a letter from the U.S. Secretary … Read More