Tax & Accounting Blog

Though the Trans Pacific Partnership Agreement (TPP) is no longer on the horizon, the TPP introduced a few new concepts to member countries. One new concept, at least for U.S. manufacturers, is a new regional value content (RVC) calculation method called the Focused Value Method (FVM).[1]    The Focused Value Method could pose to … Read More

On March 31, 2017, India enacted Finance Act 2017, which introduces measures in Clause 43 to limit interest expense deductions on related-party debts to 30% of the debtors (Indian company or an Indian permanent establishment (PE) of a foreign company) earnings before interest, taxes, depreciation, and amortization (EBITDA), or 30% of interest paid … Read More

The official announcement, January 20, 2017, from the U.S. President regarding separation as a member of the Trans Pacific Partnership Agreement (TPP) was an unexpected outcome for most industries in Japan.  Japan had much to gain with the U.S. on this agreement and had been looking to establish new processes and procedures based on the … Read More

On March 21, 2017, the Netherlands Secretary of Finance issued a response to Parliament after Parliament raised questions based on the original October 28, 2016 letter sent to Parliament on the OECD BEPS multilateral instrument (MLI). See BEPS Action 15. BEPS MLI Developments The OECD has scheduled an Read More

On April 3, 2017, Mexico’s Office of the Taxpayer Advocate (PRODECON) published a final report for presenting the master file, local file and country-by-country (CbC) report under Article 76-A of the Income Tax Law. These documentation requirements apply from January 1, 2016, with initial CbC reports due by December 31, 2017 … Read More

In March, our team was thrilled and humbled to participate at Ariba Live in Las Vegas. We were honored to not only sponsor the event but also appear on the main stage with Dinesh Shahane, CTO for SAP Ariba. About a year ago, SAP Ariba selected Thomson Reuters to jointly develop a solution by … Read More