Tax & Accounting Blog

Eaton, ASAT, and Section 6038A: A Call for Transfer Pricing Documentation

Eaton, ASAT, and Section 6038A: A Call for Transfer Pricing Documentation

Eaton Corp. v. Commissioner is heating up. Not only has the IRS invalidated its APA, but now it is trying to exclude certain evidence from the trial over the transfer pricing. According to a BNA story: “The IRS is seeking to prevent Eaton Corp. from presenting key testimony related to its business operations at a … Read More

SUCBs Fee in England – It’s in The Bag

SUCBs Fee in England – It’s in The Bag

In a piece of legislation that offers commentators a grab-bag of puns, many retailers in England will have to charge at least 5p for single use plastic carrier bags (SUCBs) effective 5 October 2015. The Single Use Carrier Bags Charges (England) Order 2015 is designed to reduce single-use plastic bag usage. The implementing legislation in its entirety … Read More

Residential Electricity VAT Rate in Belgium Rises 9/1/2015

Residential Electricity VAT Rate in Belgium Rises 9/1/2015

The center-right Belgian coalition government of Charles Michel has announced that as of 1 September 2015 the value-added tax rate applied to residential energy service will rise to 21%. The applicable rate had been 6% since 1 April 2014 under initiative of the previous government under Elio Di Rupo. Reception to the change has been … Read More