Tax & Accounting Blog

U.S. Treasury Seeks Comments on CbC Reporting Form

U.S. Treasury Seeks Comments on CbC Reporting Form

On August 22, 2016, Treasury published a notice in the Federal Register seeking comments on IRS Form 8975 (Country-by-Country Report), which ultimate parent entities of U.S. multinational enterprise (MNE) groups will use for country-by-country (CbC) reporting purposes. Written comments are due by September 21, 2016. The notice says that “businesses or … Read More

Massachusetts Sharing Ride Share Revenue

Massachusetts Sharing Ride Share Revenue

In early August, Governor Charlie Baker signed into law legislation creating oversight on transportation ride sharing programs. The legislation also creates a Transportation Infrastructure Enhancement Trust Fund. This fund will be filled by a new $0.20 per ride surcharge imposed on “transportation network companies.” Transportation network companies are defined in the … Read More

File South Carolina Business Personal Property Returns on MyDORWAY

File South Carolina Business Personal Property Returns on MyDORWAY

As of August 15, 2016, you can now file South Carolina Business Personal Property on the new  MyDORWAY Taxpayer Support System. South Carolina’s Department of Revenue will be mailing out letters containing important filing information – including your new file number – before your filing date. Going forward, you will now file using one return … Read More

PwC’s David Ernick on Companies’ Response to BEPS Action 13

PwC’s David Ernick on Companies’ Response to BEPS Action 13

David Ernick is a Principal in the Transfer Pricing Practice of PricewaterhouseCoopers’ (PwC) Washington National Tax Services office. Prior to joining PwC, Mr. Ernick was Associate International Tax Counsel at the U.S. Treasury Department. Mr. Ernick answered the following questions for BEPS Global Currents on August 9, 2016 regarding the OECD BEPS project: Q: Did … Read More