Tax & Accounting Blog

Meet the Taxologist

Meet the Taxologist

In today’s fast-paced and complex tax landscape, the status quo is not enough. Tax professionals must rise to the challenge and leverage the power of tax technology for total process efficiency. In short, today’s tax world needs Taxologists. But what is a Taxologist? Why are they important? What are their characteristics? How are IT and … Read More

How to Effectively Resource, Oversee, Analyze, and Manage Global Compliance and Reporting

How to Effectively Resource, Oversee, Analyze, and Manage Global Compliance and Reporting

This blog is dedicated to sharing ideas and case studies on how companies effectively manage risk and reduce costs related to global compliance and reporting processes and services. Managing global compliance and reporting requirements, whether through internal processes or outsourced services, is a challenging yet important endeavor for organizations of all sizes. An organization needs … Read More

Brazil FTZ Extended to 2073

Brazil FTZ Extended to 2073

On Tuesday of last week, the camera of deputies of the Brazilian federal senate enacted Emenda Constitucional 83, which extends the constitutional term allowed to the Zona Franca de Manaus (Free Trade Zone of Manaus) until the year 2073. This program has operated since before the federal constitution of 1988 with the intent to develop … Read More

The UK Bareboat Charter Measure and the Arm’s Length Standard

The UK Bareboat Charter Measure and the Arm’s Length Standard

Drilling rig multinationals often place ownership of their key assets – drilling rigs – in tax haven affiliates, which often lease this property to operating affiliates at lease rate around 14 percent of the value of the rigs.  The UK government argues that these intercompany lease rates are generous and result in … Read More

IRS, United Nations Comment on the Latest Developments in Transfer Pricing for Developing Nations

IRS, United Nations Comment on the Latest Developments in Transfer Pricing for Developing Nations

Practitioners from the IRS, U.N., and Mexican Tax Administrative Services shared insights on the latest transfer pricing trends, in particular for developing nations, at the first Transfer Pricing Innovation Forum on June 10 in New York City. Transfer Pricing Updates at the United Nations. Ilka Ritter, Associate Expert in the International … Read More

Minimizing Transfer Pricing Risks with technology as APAC TP scrutiny increases

Minimizing Transfer Pricing Risks with technology as APAC TP scrutiny increases

The 2014 Golden Tax Summit Transfer Pricing Conference, held in Hong Kong, had a large presence of multinational corporations across the Taiwan, Hong Kong, and the Greater China areas.  During the conference, Thomson Reuters ONESOURCE held a workshop on how these organizations can improve their financial performance and optimize their transfer pricing compliance with local … Read More