Tax & Accounting Blog

New Zealand Proposes Amendments to Draft BEPS Bill

New Zealand Proposes Amendments to Draft BEPS Bill

On May 15, 2018, New Zealand published the Finance and Expenditure Committee’s (the “Committee’s”) amendments to the Taxation (Neutralising Base Erosion and Profit Shifting) Bill (the “Bill”). Part 1 of the Bill (i.e., hybrid and branch mismatches, interest limitation, permanent establishment (“PE”), transfer pricing) would amend the … Read More

U.K. Parliamentary Committee Approves Draft Order to Implement MLI

U.K. Parliamentary Committee Approves Draft Order to Implement MLI

On May 9, 2018, several members of the U.K. Parliament and the Financial Secretary to the Treasury, Mel Stride, debated and approved the draft order (Double Taxation Relief (Base Erosion and Profit Shifting) Order 2018) of March 28, 2018 during a meeting of the Third Delegated Legislation Committee. The legislation … Read More

EY’s Terry Cardew on Banks’ Response to the U.S. TCJA

EY’s Terry Cardew on Banks’ Response to the U.S. TCJA

Terry Cardew is Banking & Capital Markets tax leader for EY’s Financial Services Office. His experience includes a variety of tax planning, consulting, and compliance projects for multi-national financial services companies headquartered in the U.S. and outside the U.S., as well as for various global real estate funds and alternative investment vehicles. In his current … Read More

Japan-EU Economic Partnership Agreement is Coming Soon – Understanding its Substantial Benefits

Japan-EU Economic Partnership Agreement is Coming Soon – Understanding its Substantial Benefits

The Japan-EU EPA was finalized at a Japan-EU Summit on December 8, 2017, after almost five years of negotiations.  When including the scoping exercise as part of the process for this agreement, then in its entirety the agreement has been under discussion for almost seven years. EU and Japan leaders expect to sign the agreement … Read More

Canada Releases Recommendations on Taxation of Digital Economy

Canada Releases Recommendations on Taxation of Digital Economy

On April 26, 2018, Canada’s House of Commons released a Report of the Standing Committee on International Trade, E-Commerce: Certain Trade-Related Priorities of Canada’s Firms. The report includes recommendations for consideration by the House of Commons. These recommendations encourage the Canadian government to ensure fair taxation in the digital economy, as … Read More

Argentina Issues VAT Regulations on Digital Services

Argentina Issues VAT Regulations on Digital Services

On April 24, 2018, Argentina published Decree No. 354/2018 in the official gazette, implementing and clarifying the 2018 tax reform amendments to the country’s VAT rules on the supply of digital services by non-residents. Legislative Background On December 29, 2017, Argentina published Law 27,430 in the official gazette, enacting VAT rules on … Read More