Tax & Accounting Blog

China and OECD Guidelines– Not So Perfect Together

China and OECD Guidelines– Not So Perfect Together

The China State Administration of Taxation (SAT) recently affirmed in a paper for the United Nations transfer pricing project that they are generally consistent with the OECD guidelines, but that certain modifications may be needed to reflect the particular circumstances existent in China. In particular, the SAT points out three key areas of concern: There … Read More

Can Tax Reform Legislate Economic Analysis?

Can Tax Reform Legislate Economic Analysis?

The Tax Council Policy Institute (TCPI) hosted the 14th annual Tax Policy and Practice Symposium, “Taxation of Intangibles: Implications for Growth, Jobs and Competitiveness,” on February 13-14 in Washington, DC. In attendance were tax leaders from business, government, and academia who provided perspectives of issues regarding intangible assets, intellectual property, and business processes that are … Read More

The American Taxpayer Relief Act of 2012: Deep Sigh for Tax Accountants

The American Taxpayer Relief Act of 2012: Deep Sigh for Tax Accountants

While legislators worked to act as swiftly as possible, the American Taxpayer Relief Act of 2012 (2012 Act) was not signed into law until 2013. President Obama signed into law the last-minute compromise on January 2, 2013, settling many unresolved fiscal cliff tax issues, extending some of the 2001 and 2003 tax cuts and making other … Read More

The Software Training Cost Paradox: Part One

The Software Training Cost Paradox: Part One

Professionals that work within specialized fields are required to participate in educational training in order to maintain their professional certification. Each year, there is a minimum number of training hours (CPE) that individuals such as Engineers, Attorneys, Law Enforcement, and Accountants must complete. For accountants, there are multiple avenues available to obtain the necessary hours … Read More