Tax & Accounting Blog

How Japan and EU FTA Affects Automobile Industry

How Japan and EU FTA Affects Automobile Industry

Blog, Global Trade, ONESOURCE August 4, 2017

Background Japan and the European Union (EU) leaders reached a political agreement on two landmark agreements, the Strategic Partnership Agreement and the Economic Partnership Agreement at the 24th Brussels Summit (July 07, 2017). Both agreements are expected to greatly benefit both Japan and the EU.  It is expected that the EU-Japan Economic Partnership Agreement will … Read More

U.S. Treasury and Internal Revenue Service Delay Application of Documentation Regulations under Section 385

U.S. Treasury and Internal Revenue Service Delay Application of Documentation Regulations under Section 385

U.S. Internal Revenue Code (IRC) section 385 authorizes the Secretary of the Treasury to prescribe rules to determine whether an interest in a corporation is treated for purposes of the IRC as stock or indebtedness (or as in part stock and in part indebtedness) by providing factors to be taken into account with respect … Read More

Improving Predictability in Logistics Costs

Improving Predictability in Logistics Costs

More and more we are seeing companies introduce themselves to the world of international trade, looking for opportunities to commercialize products outside their territories, and taking advantage of shortages or market gaps where they can capitalize. Getting into the foreign trade business can bring certain challenges, ranging from the basic language and cultural barriers, to … Read More

Poland Issues Draft Amendment on Public Disclosure of Country-by-Country Reporting Information

Poland Issues Draft Amendment on Public Disclosure of Country-by-Country Reporting Information

On June 26, 2017, Poland issued a new amendment (new article 27b) to the Corporate Income Tax Act (CITA), which would require public disclosure of tax information for large taxpayers. The information disclosed would include the taxpayer’s name and tax identification number; relevant tax year; revenue; incurred expenses; earned income or loss; and … Read More