Tax & Accounting Blog

How the Common Reporting Standard (CRS) and Global Trends are Affecting Financial Institutions’ Use of Technology

How the Common Reporting Standard (CRS) and Global Trends are Affecting Financial Institutions’ Use of Technology

The drive for global tax transparency continues to gain speed while financial institutions (FIs) also grapple with emerging disruptive financial technology innovations and growing threats to data security. Building on the U.S.-led FATCA regulations, the first wave of reporting for the OECD-led initiative, the CRS, includes 49 jurisdictions undertaking the first exchange of financial information … Read More

ITC Recommends Imposing Import Restrictions on Solar Cells and Modules

ITC Recommends Imposing Import Restrictions on Solar Cells and Modules

Blog, Global Trade, ONESOURCE November 10, 2017

The U.S. International Trade Commission (ITC) formally initiated a Section 201 “global safeguard” investigation on May 23, 2017, on crystalline silicon photovoltaic (CSPV) solar cells and modules. A formal complaint was brought about by Suniva, Inc. and SolarWorld, two small U.S. manufacturers that said they were unable to compete with cheap panels made overseas; mainly … Read More

Belgium Implements Anti-Tax Avoidance Measures

Belgium Implements Anti-Tax Avoidance Measures

On October 27, 2017, Belgium issued an overview of tax reform proposals, several of which implement EU Directive 2016/1164 of July 12, 2016 (ATAD 1) (the “Directive”) regarding hybrid mismatches, controlled foreign companies (CFCs) and limitation on interest deductions. On October 27, 2017, the Belgian Ministry of Finance also announced … Read More

How Retail’s Evolution Impacts Tax Nexus, Amazon Edition

How Retail’s Evolution Impacts Tax Nexus, Amazon Edition

Amazon’s acquisition of Whole Foods this summer was a useful example of how changing consumer preferences can introduce new complexities for tax teams. While it isn’t entirely obvious what Amazon will become over the long term, it’s somewhat clear why Whole Foods was an attractive acquisition target for the storied retailer now. There are, in … Read More