Tax & Accounting Blog

Think Outside the Box This Year!

Think Outside the Box This Year!

Author: Ankita Bajaj Every holiday season we all notice that our waist bands get a little bigger and our wallets get a little thinner. My family spends so much time feasting around the table that Christmas gift shopping becomes a last minute dash. The siblings in my home are always scurrying around trying to find … Read More

Good things come to those who wait…Arizona TPT Simplification is finally here!

Good things come to those who wait…Arizona TPT Simplification is finally here!

Years after the state of Arizona passed a Transaction Privilege Tax (TPT) Simplification bill, the Department of Revenue will soon implement its system to be the single point of contact for taxpayers to file their TPT returns. Starting in January 2017, the Arizona Department of Revenue will collect and administer all state, county, and city … Read More

Deck the Halls: To DIY or Not?

Deck the Halls: To DIY or Not?

Author: TuUyen Decker Every year, the day we put up our Christmas tree is a really big event for my family. It’s typically done the Saturday right after Thanksgiving. This day is practically like an official holiday in our house. We plan out a full 3-course menu for our annual family “Christmas Tree Decorating” day, … Read More

Portugal Extends Deadline for Country-by-Country Reporting Notifications

Portugal Extends Deadline for Country-by-Country Reporting Notifications

On December 12, 2016, the Portuguese State Secretary for Fiscal Affairs, Fernando Rocha Andrade, issued Order No.254/2016XXI, extending the deadline for country-by-country (“CbC”) reporting notifications for fiscal year 2016 to May 31, 2017. Under Portugal’s CbC reporting requirements, the group must provide electronically the identity and tax residence of the reporting entity to … Read More

French Constitutional Council Declares Public Country-by-Country Reporting Unconstitutional

French Constitutional Council Declares Public Country-by-Country Reporting Unconstitutional

On December 8, 2016, the French Constitutional Council (“Council”) issued Decision No. 2016-741 DC, which held that specific provisions of Article 137 of the law on transparency, the fight against corruption and the modernization of the economy ("Law No. 830") (i.e., public country-by-country reporting (CbCR)) are unconstitutional. See the corresponding Read More