Tax & Accounting Blog

Global Trade Trends with Taneli Ruda: Mexico’s Auto Plan

Global Trade Trends with Taneli Ruda: Mexico’s Auto Plan

The automotive industry is the engine—the V8, 440-horsepower manual transmission engine with overdrive—of Mexico’s industrial growth, and this looks to be the new state of play for the famously export-dependent country. The relationship that the auto industry has with Mexico’s economy is strikingly balanced: There is a mutual dependence that exemplifies what free trade and … Read More

Hong Kong Publishes Amendment Ordinance Encouraging Multinationals to Establish Corporate Treasury Centers

Hong Kong Publishes Amendment Ordinance Encouraging Multinationals to Establish Corporate Treasury Centers

On June 3, 2016, Hong Kong issued a press release saying that the Government published the Inland Revenue (Amendment) (No. 2) Ordinance 2016 (the Amendment Ordinance) in the Gazette. The purpose of the Amendment Ordinance is to encourage multinationals to establish corporate treasury centers in Hong Kong. The Amendment Ordinance allows, … Read More

Part 1: Self-Preparing Country-by-Country Reports & OECD XML Schema

Part 1: Self-Preparing Country-by-Country Reports & 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

The Industry Needs a Comprehensive Information Management Solution

The Industry Needs a Comprehensive Information Management Solution

The Indian automotive industry is one of the most important contributors to the country’s economy, both in terms of growth and employment. The industry accounts for 45% of the country’s manufacturing GDP, 7.1 % of the country’s GDP by volume and employs about 19 million people both directly and indirectly. Currently, the Indian automotive industry … Read More