Tax & Accounting Blog

India Enacts Digital PE, and Other BEPS, Measures

India Enacts Digital PE, and Other BEPS, Measures

On March 29, 2018, India published the Finance Act 2018 in the official gazette, thereby becoming one of the first countries to expand its permanent establishment (PE) rules to include activities of non-residents that do not give rise to a physical presence in India. The foregoing measures will apply from April 1, 2019. Editor’s … Read More

The Comprehensive and Progressive Trans-Pacific Partnership Agreement and its Impact on the Automotive Industry

The Comprehensive and Progressive Trans-Pacific Partnership Agreement and its Impact on the Automotive Industry

Amid the vast amount of news generated in the trade and customs scene, The Comprehensive and Progressive Trans-Pacific Partnership (“CPTPP”) or TPP11 was finally signed on March 8, 2018. The agreement is expected to come into force near the end of this year or early 2019, after the six or more signatories that are required … Read More

European Commission Says U.S. BEAT and FDII Rules May Violate Int’l Standards

European Commission Says U.S. BEAT and FDII Rules May Violate Int’l Standards

On March 22, 2018, Pierre Moscovici, Tax Commissioner at the European Commission, said during a meeting of the European Parliament that the EU may challenge the foreign-derived intangible income (FDII) and base erosion and anti-abuse tax (BEAT) rules, introduced by the 2017 U.S. tax reform legislation (the Read More