Tax & Accounting Blog

Tax and the 2012 Presidential Election

Tax and the 2012 Presidential Election

Discussions on corporate and individual tax for Americans have emerged as a main focus of the 2012 presidential election. President Barack Obama and Governor Mitt Romney have promoted two different strategies on how to decrease the national deficit through tax policy. President Obama’s plan proposes increasing taxes for high-income households and providing temporary tax relief … Read More

Defending your State Transfer Pricing Position

Defending your State Transfer Pricing Position

State tax authorities have the ability to increase the tax base of your state affiliates if they can assert that your intercompany pricing is inconsistent with the arm’s length principle.  Under section 482 in the Internal Revenue Code, state action may take the form of transfer pricing adjustments, the adding back of related party expenses, … Read More

Get to Know the Faces Behind Estimated Payments: Part Two

Get to Know the Faces Behind Estimated Payments: Part Two

To celebrate the launch of the new integrated Estimated Payments functionality, we are featuring the faces behind the the development of this revolutionary solution. This week, we’ll get to know Molly Delafield, Director of Product Management, ONESOURCE Income Tax. Here’s what Molly had to say: 1. How long have you been with Thomson Reuters and where … Read More

Get to Know the Faces Behind Estimated Payments

Get to Know the Faces Behind Estimated Payments

To celebrate the launch of the new integrated Estimated Payments functionality, we’re  featuring the faces behind this revolutionary solution. This week, we’ll get to know Kelly Hodgson, Product Manager, ONESOURCE Income Tax. Here’s what Kelly had to say: 1. How long have you been with Thomson Reuters and where are you located? I joined … Read More

Procurement Transaction Under Fire In Poland

Procurement Transaction Under Fire In Poland

In a recent case, the rational for the use of a same country procurement company was rejected by the auditors and then by the courts in Poland.  The findings that independent forges paid less for steel directly purchased from unrelated mills, than the audited company paid to its related party procurement company, served as the … Read More

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Thomson Reuters ONESOURCE named Americas Tax Innovator of the Year

Last week, International Tax Review recognized Thomson Reuters ONESOURCE platform as Americas Tax Innovator of the Year at its seventh annual Americas Awards ceremony in New York. When asked why Thomson Reuters ONESOURCE was singled out for the award, Ralph Cunningham, managing editor of International Tax Review, said: “It is down to the impact … Read More