Tax & Accounting Blog

What a New IRS Change to Form 1098-T Means for Colleges and Students

What a New IRS Change to Form 1098-T Means for Colleges and Students

Among the changes that the IRS has decided to make for 2017 tax year is a change to Form 1098-T, an important record for educational institutions such as universities as well as for their students. Eligible educational institutions file Form 1098-T for each student they enroll and for whom a reportable transaction is made. They … Read More

The Netherlands Issues Proposed Beneficial Ownership Register Legislation

The Netherlands Issues Proposed Beneficial Ownership Register Legislation

On March 31, 2017, the Dutch Ministry of Finance issued a public consultation (and explanatory report) on draft legislation that would introduce a beneficial ownership register (registratie uiteindelijk belanghebbenden) in the Trade Register Act 2007 via the Fourth EU Anti-Money Laundering Directive (2015/849) (the "Directive" or AMLD4) of May 20, 2015. … Read More

How FTAs Affect the Pharmaceutical Industry: A Discussion About TRIPS

How FTAs Affect the Pharmaceutical Industry: A Discussion About TRIPS

The purpose of a free trade agreement (FTA) is to increase access to international economies. FTAs reduce barriers associated with importing goods — generally, these agreements reduce import taxes on individual items, which allow goods to be competitive with domestically produced products. Pharmaceuticals, however, are a unique kind of good with regards to trade. According … Read More