Tax & Accounting Blog

OECD Requests Public Feedback on Tax Challenges of Digitalization

OECD Requests Public Feedback on Tax Challenges of Digitalization

On September 22, 2017, the OECD issued a press release, seeking public comments on key issues identified in a request for input related to the tax challenges of the digitalization of the economy, a day after the European Commission released its initial report on the same topic. See BEPS Action 1. The BEPS … Read More

6 Biggest Challenges, and What To Do About Them, When Upgrading Legacy Sales Tax Software

6 Biggest Challenges, and What To Do About Them, When Upgrading Legacy Sales Tax Software

You’ve got a sales tax engine today and you’ve had it for a long time. Maybe you were around when it was first installed, or maybe you weren’t. Your company and systems have changed over the years but not your aging tax engine. Over time and to stay compliant with tax law, your company has … Read More

Brazil’s Special Customs Regime for Exportation and Manufacturing Incentives

Brazil’s Special Customs Regime for Exportation and Manufacturing Incentives

Blog, Global Trade, ONESOURCE September 22, 2017

What does the Company in Brazil need to know about competition? In order for Brazilian Companies to be competitive at this current moment in time they should be exploring all of the countries’ benefits in terms of localization, culture and technology. However, this only would be possible if companies can surpass high Brazilian costs and … Read More

U.S. Publishes Additional Model Competent Authority Agreement on Exchange of Country-by-Country Reports

U.S. Publishes Additional Model Competent Authority Agreement on Exchange of Country-by-Country Reports

On September 12, 2017, the U.S. Internal Revenue Service (IRS) published a model competent authority agreement (CAA) for the exchange of country-by-country (CbC) reports that is based on the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the “OECD Convention”). The foregoing CAA supplements the CAAs that the IRS published on … Read More

Ireland Reviews Corporation Tax Code in Light of BEPS

Ireland Reviews Corporation Tax Code in Light of BEPS

On September 12, 2017, Ireland’s Minister for Finance and Public Expenditure and Reform released the independent report of Mr. Seamus Coffey on Ireland’s Corporate Tax Code in relation to the OECD BEPS project. The recommendations in the report will be considered by the Irish government. Ireland’s commentary from the Report with respect to specific … Read More

Recent Customs Related Rulings: Supportive of the Trump Trade Agenda?

Recent Customs Related Rulings: Supportive of the Trump Trade Agenda?

Blog, Global Trade, ONESOURCE September 15, 2017

Typically, trade compliance rulings (trade court rulings or rulings issued by CBP – Customs and Border Protection) cause trade compliance professionals to consider the implications in terms of whether the decision increases or decreases costs for companies. In light of the election of President Trump and his focus on trying to bring jobs back to … Read More