Tax & Accounting Blog

U.S. FY2017 Budget Includes BEPS-Related Proposals

U.S. FY2017 Budget Includes BEPS-Related Proposals

On February 9, 2016, President Obama submitted the Administration’s FY 2017 budget proposals to Congress. The budget included a number of international tax proposals that are similar to the FY 2016 proposals, specifically related to BEPS, including the following: Restrict deductions for excessive interest of members of financial reporting groups Limit shifting of income … Read More

Denmark Updates Tax Guide Addressing Certain BEPS Provisions

Denmark Updates Tax Guide Addressing Certain BEPS Provisions

On January 29, 2016, the Danish tax authorities (SKAT) issued Legal Guidance 2016-1, which provides background information on Denmark’s tax system and its application, including its Controlled Foreign Company (CFC) rules  (OECD BEPS Action 3), transfer pricing rules (BEPS Actions 8-10), and transfer pricing documentation rules (OECD BEPS Action … Read More

Belgium Publishes Plan to Address BEPS and Combat Tax Fraud

Belgium Publishes Plan to Address BEPS and Combat Tax Fraud

On December 3, 2015, the Belgian Minister of Finance published a policy note entitled the Plan to Combat the Tax Fraud (the Plan), which addresses Belgium’s potential implementation of the OECD BEPS Project recommendations issued on October 5, 2015. The goal of the Plan is to have coordinated, as opposed to unilateral, … Read More