Tax & Accounting Blog

France Advances Diverted Profits Tax Legislation

France Advances Diverted Profits Tax Legislation

On November 7, 2016, the French National Assembly (“Assembly”) approved Amendment No. II-CF421 (“Amendment”) to Article 46 quinquies of Finance Bill 2017, which would impose a diverted profits tax (DPT), or income tax, in situations that  constitute a permanent establishment (PE). On November 22, 2016, the National Assembly finished its first reading of … Read More

Indonesia Moves Towards Becoming The Biggest Automotive Production Base in South East Asia

Indonesia Moves Towards Becoming The Biggest Automotive Production Base in South East Asia

Some time ago, the Indonesian automotive market was shocked by the stopping operation of Ford in Indonesia. Ford’s decision was very unfortunate, because at that time they had just introduced their latest product, the All New Ford Everest and several other products with the advantages of technology to the automotive market in Indonesia. However, one … Read More

Deloitte’s Sally Morrison on the U.S. Section 385 Final Regs.

Deloitte’s Sally Morrison on the U.S. Section 385 Final Regs.

Sally Morrison is a partner and leader within the International Tax and Global Strategies practice of Deloitte Tax LLP in Kansas City, Missouri. On November 21, 2016, Ms. Morrison answered the following questions for BEPS Global Currents, regarding the Section 385 final Regulations (T.D. 9790) (“Final Regulations”) published in the Federal Register on … Read More