Tax & Accounting Blog

Part 3:  Additional Data Elements Now Needed to Generate CbC Reports in the OECD XML Schema

Part 3: Additional Data Elements Now Needed to Generate CbC Reports in the OECD XML Schema

On March 22, 2016, the OECD published its standardized electronic format for the exchange of Country-by-Country (“CbC”) Reports between Competent Authorities, including the CbC extensible markup language (“XML”) schema and related User Guide. Both documents were developed to assist the speedy and consistent implementation of CbC Reporting with a view to accommodating the electronic … Read More

Signing Your ESA Statements

Signing Your ESA Statements

ESA statements are required to be electronically signed by an authorized person, the Electronic Return Originator (ERO), can be the taxpayer or the tax preparer. MI 5352, the E-file Authorization for the Essential Services Agreement is only available in the software, includes a perjury statement, and should be printed for your records after it has … Read More

Deloitte’s Philippe Penelle on Companies’ Response to BEPS Action 13

Deloitte’s Philippe Penelle on Companies’ Response to BEPS Action 13

Philippe Penelle is a managing partner and leader of the Washington National Tax Transfer Pricing practice of Deloitte Tax, LLP. Mr. Penelle answered the following questions for BEPS Global Currents on June 6, 2016 regarding the OECD BEPS project: Q: Are your clients generally taking a wait-and-see approach for the U.S. to finalize its CbC … Read More