Tax & Accounting Blog

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

11-11 Alibaba Shopping Festival:  Others chop their hands off, we talk about tax

11-11 Alibaba Shopping Festival: Others chop their hands off, we talk about tax

  My friend Lily announced she has received her 31st parcel ordered on 11-11 Shopping Festival (usually called as “Double 11”) this morning. I want to chop my hands off, Lily said. In China, Hands-chopping People refer to big online spenders who self-mockingly say that they would like to chop their hands off after buying … Read More

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A Name on the Taxpayer Black List Could Freeze A Business in China

China Tax News reported 6 tax audit cases, which have brought the revised Taxpayer Black List regime and the Joint Punishment mechanism under spotlight. The Black List regime took its debut in July 2014, upon State Administration of Taxation (SAT) announced Bulletin 2016 No. 41 (Measures for the Disclosure of Significant Tax Law-breaking Cases). … Read More

The Japan Chamber of Commerce and Industry Opinion Enforcement on EPA Compliance

The Japan Chamber of Commerce and Industry Opinion Enforcement on EPA Compliance

Japan Chamber of Commerce Industry signals higher standards for FTA/ EPA benefit qualification in its latest circular The Japan Chamber of Commerce and Industry (JCCI) regularly provide email notification for updates on Economic Partnership Agreement (EPA) information to its members (exporters). The latest notification, sent out on October 11, 2016, focuses on tighter FTA (Free … Read More

Netherlands Delays First Notification of CbC Reporting

Netherlands Delays First Notification of CbC Reporting

On November 15, 2016, the Dutch State Secretary of Finance issued a decree, delaying the first notification deadline for country-by-country (“CbC”) reporting to September 1, 2017. The tax authorities have developed an automatic notification tool, which the State Secretary intends to make compulsory. The notification is made pursuant to Section 29d of the Read More