Tax & Accounting Blog

G7 Finance Ministers and Central Bank Governors Encourage BEPS Implementation

G7 Finance Ministers and Central Bank Governors Encourage BEPS Implementation

On May 13, 2017, the G7 issued a Communiqué with regard to the G7 finance ministers and central banks’ governors meeting in Italy on May 12-13, 2017. The G7 encouraged countries and jurisdictions to commit to implement the BEPS package and join the G20/OECD Inclusive Framework on BEPS. The Communiqué said that the … Read More

France Ratifies Multilateral Agreement to Automatically Exchange CbC Reports

France Ratifies Multilateral Agreement to Automatically Exchange CbC Reports

On April 28, 2017, France issued Decree No. 2017-672, ratifying the OECD Multilateral Competent Authority Agreement for the Automatic Exchange of CbC reports (“CbC MCAA”), which was signed in Paris on January 27, 2016. On October 1, 2016, France implemented the CbC reporting requirements introduced in the 2016 Finance Act, which … Read More

Managing Company Acquisitions from a Trade Compliance Perspective

Managing Company Acquisitions from a Trade Compliance Perspective

According to the Institute for Mergers, Acquisitions, and Alliances; in 2016 there were over 48 thousand worldwide mergers and acquisitions.   Regardless of what point the Global Trade Compliance team is included in acquisition discussions, it needs a process for assessing the existing risk, support from senior management when unacceptable risk is discovered, and creative … Read More

OECD Releases Details of Country-by-Country Reporting Implementation and Exchange Relationships

OECD Releases Details of Country-by-Country Reporting Implementation and Exchange Relationships

On May 4, 2017, the OECD issued a press release on the implementation of country-by-country (CbC) reporting and corresponding automatic exchange agreements. Currently, 57 jurisdictions have signed the CbC Multilateral Competent Authority Agreement (CbC MCAA), which includes conditions to exchange CbC reports under the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. … Read More