Tax & Accounting Blog

China and OECD Guidelines– Not So Perfect Together

China and OECD Guidelines– Not So Perfect Together

The China State Administration of Taxation (SAT) recently affirmed in a paper for the United Nations transfer pricing project that they are generally consistent with the OECD guidelines, but that certain modifications may be needed to reflect the particular circumstances existent in China. In particular, the SAT points out three key areas of concern: There … Read More

WEBCAST: ONESOURCE Indirect Tax Certificate Manager: Optimizing Your Exemption Certificate Process

WEBCAST: ONESOURCE Indirect Tax Certificate Manager: Optimizing Your Exemption Certificate Process

Optimizing Your Exemption Certificate Process Managing the exemption certificate process in your company can be time consuming and prone with problems. ONESOURCE Indirect Tax Certificate Manager from Thomson Reuters streamlines your method of managing exemption certificates saving you time and money. Tax Certificate Manager integrated with ONESOURCE Indirect Tax Determination increases the overall accuracy of … Read More

IRS postpones U.S. new entity reporting of interests in specified foreign financial assets

IRS postpones U.S. new entity reporting of interests in specified foreign financial assets

In Notice 2013-10, the IRS postpones a new requirement for U.S. domestic entities formed or availed of for purposes of holding, directly or indirectly, specified foreign financial assets, report those interests in a statement attached to the entity’s tax return.  This new reporting falls under IRC section 6038D, applicable to individuals who hold any … Read More

Can Tax Reform Legislate Economic Analysis?

Can Tax Reform Legislate Economic Analysis?

The Tax Council Policy Institute (TCPI) hosted the 14th annual Tax Policy and Practice Symposium, “Taxation of Intangibles: Implications for Growth, Jobs and Competitiveness,” on February 13-14 in Washington, DC. In attendance were tax leaders from business, government, and academia who provided perspectives of issues regarding intangible assets, intellectual property, and business processes that are … Read More