Tax & Accounting Blog

18th Annual NYU/KPMG Tax Lecture Addresses International Provisions of TCJA

18th Annual NYU/KPMG Tax Lecture Addresses International Provisions of TCJA

On April 25, 2018, NYU and KPMG held its 18th Annual Tax Lecture, The Tax Cuts and Jobs Act – Navigating the Sea Change of U.S. International Tax. According to several panelists, Congress layered the new international tax provisions in the Tax Cuts and Jobs Act (TCJA) on top of current tax rules, as opposed … Read More

The Rules of Origin Utilization Rates Under the Preferential Duty Scheme

The Rules of Origin Utilization Rates Under the Preferential Duty Scheme

It is unquestionable that an in-depth examination and better understanding about preference utilization can provide useful insights about not only best practices in terms of Preferential Trade Arrangements, but also about its limitations. This article will focus on the limitations, as there are still many companies which operate in the international environment that don’t use … Read More

Poland Requires Annual Update of Financial Transaction Information in Transfer Pricing Documentation

Poland Requires Annual Update of Financial Transaction Information in Transfer Pricing Documentation

On April 3, 2018, Poland’s Ministry of Finance issued General Interpretation No. DCT.8201.6.2018 of March 28, 2018 regarding updates to  transfer pricing documentation (TPD). Pursuant to Article 9(a)(2)(g) of the Corporate Income Tax Act (CIT), Polish taxpayers must update their TPD each year to account for financial … Read More