Tax & Accounting Blog

Nexus: Quill and Its Challengers

Nexus: Quill and Its Challengers

Nexus refers to sufficient connection with a political jurisdiction that gives that jurisdiction authority to require a person or business to collect and remit taxes.  Without nexus, laws requiring a business to collect tax violate the Constitution of the United States under the dormant commerce clause (which prohibits states from discriminating against interstate commerce) and the … Read More

Panama Papers Bring FATCA & CRS into the Spotlight

Panama Papers Bring FATCA & CRS into the Spotlight

The Panama Papers allege that many high profile figures around the world, including current and former world leaders, government officials and celebrities, used the law firm Mossack Fonseca to hide assets and the identity of those who control the assets. Two major actions must take place to tackle this issue, including:      1. Identifying where the … Read More

Switzerland Initiates Consultation on OECD CbCR Exchange Multilateral Agreement

Switzerland Initiates Consultation on OECD CbCR Exchange Multilateral Agreement

On April 13, 2016, Switzerland’s Federal Council announced that it initiated a consultation on the OECD Multilateral Competent Authority Agreement on the Exchange of Country-by-Country (CbC) Reports (the “MCAA”) that the government signed on to with 30 other countries on January 27, 2016. The MCAA describes the type of information to be exchanged … Read More

Managing Complexities in International Trade in the Pharmaceutical industry

Managing Complexities in International Trade in the Pharmaceutical industry

As governments and administrative regimes worldwide work towards bringing in health benefits and improving the living conditions of people, their efforts show up through  increased spending on healthcare. For instance, over 2012–20, total healthcare spending is expected to rise at a Compound Annual Growth Rate (CAGR) of 20% to US $280 billion from US $65 … Read More

“Having your cake and eating it too” – Russia plans to change Place of Supply rules for services delivered electronically

“Having your cake and eating it too” – Russia plans to change Place of Supply rules for services delivered electronically

Earlier this year a bill passed through the Russian Duma without delay, which would change the Place of Supply Rules for services delivered electronically. The bill would affect both B2B and B2C transactions of digital content and software, web hosting, domain registration, voice services, information processing, remote television, radio, and support software, search engines, … Read More