Tax & Accounting Blog

Managing Company Acquisitions from a Trade Compliance Perspective

Managing Company Acquisitions from a Trade Compliance Perspective

According to the Institute for Mergers, Acquisitions, and Alliances; in 2016 there were over 48 thousand worldwide mergers and acquisitions.   Regardless of what point the Global Trade Compliance team is included in acquisition discussions, it needs a process for assessing the existing risk, support from senior management when unacceptable risk is discovered, and creative … Read More

OECD Releases Details of Country-by-Country Reporting Implementation and Exchange Relationships

OECD Releases Details of Country-by-Country Reporting Implementation and Exchange Relationships

On May 4, 2017, the OECD issued a press release on the implementation of country-by-country (CbC) reporting and corresponding automatic exchange agreements. Currently, 57 jurisdictions have signed the CbC Multilateral Competent Authority Agreement (CbC MCAA), which includes conditions to exchange CbC reports under the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. … Read More

Foreign Trade in the 21st Century

Foreign Trade in the 21st Century

There have been numerous activities related to political changes, technological progress and globalization that have undergone extreme radical transformations since the second half of the 20th century. Foreign Trade has not escaped these transformations causing an accelerated growth that is changing the way countries and companies trade with extraordinary speed. Today, there is not a … Read More

Ireland Issues 2016 Annual Report, Includes Participation in BEPS Project

Ireland Issues 2016 Annual Report, Includes Participation in BEPS Project

On April 27, 2017, Irish Revenue issued its 2016 Annual Report, which discusses Ireland’s participation in the OECD BEPS project during that year. Ireland has joined the OECD Inclusive Framework for the global implementation of the BEPS project. As a member, Ireland has committed to implementing the four BEPS project minimum standards (Read More