Tax & Accounting Blog

Russia Presents Draft Legislation on Country-by-Country Reporting

Russia Presents Draft Legislation on Country-by-Country Reporting

On April 8, 2016, the Ministry of Finance of the Russian Federation presented for public discussion a draft law addressing the preparation and submission of country-by-country (CbC) reports. The draft legislation, which amends Part One of the Tax Code of the Russian Federation, was developed in response to BEPS initiatives and in general, … Read More

EU VAT Rates: Towards Greater Flexibility for Member States

EU VAT Rates: Towards Greater Flexibility for Member States

In the last couple of months the European Commission has been discussing the possibility to grant Member States a greater flexibility for determining the VAT rates applicable within their territories, in order to modernize the VAT system and the European Union (EU) single market.   The measure was announced originally by the European Commission … Read More

AEO and What You Should Know

AEO and What You Should Know

What is an AEO?  The European Union’s Authorized Economic Operator (AEO) program was created by the World Customs Organization as an answer to increased trade security following the September 11th attacks in the United States.  It has become a globally recognized, non-mandatory, accreditation system signifying that a company’s international supply chain and customs procedures are … Read More

Louisiana Latest State to Enact Click-Through Nexus

Louisiana Latest State to Enact Click-Through Nexus

Just this month, Louisiana became one of the latest states to enact click-through nexus. Click-through nexus laws, otherwise commonly known as Amazon laws,  allow states to require out-of-state retailers to collect sales and use taxes on sales to their state’s residents. On March 14, 2016, Governor Edwards signed Act 22 into law, which became effective immediately.  The … Read More