Tax & Accounting Blog

Rise of the Mega-FTA – The Trans-Pacific Partnership (TPP)

Rise of the Mega-FTA – The Trans-Pacific Partnership (TPP)

Introduction The Trans-Pacific Partnership (TPP) pact was successfully concluded in Atlanta, Georgia on the 5th of October 2015 after five and a half years of negotiations.[i] The pact involving twelve Pacific Rim countries– Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam – accounts for … Read More

Maldives Green Tax, U.S. Greenbacks

Maldives Green Tax, U.S. Greenbacks

Starting 1 November 2015, non-resident visitors to the Maldives will be subject to a $6 per person per day tax. Known as the Green Tax, the tax was approved by the parliament on 15 December 2014 and ratified by President Abdulla Yameen on 17 December 2015. On 12 October 2015 the Maldives Inland Revenue Authority Read More

Using technology to address the challenges of BEPS

Using technology to address the challenges of BEPS

Introducing ONESOURCE BEPS Action Manager. If you’re a corporate tax professional, you know about BEPS. You know that it is transforming the global tax landscape and will bring about unprecedented change to the way you report data to taxing authorities in countries across the globe. You know that country-by-country reporting will increase scrutiny and … Read More

The TPP – The Trans Pacific Partnership – Overview

The TPP – The Trans Pacific Partnership – Overview

General Concept The Trans-Pacific Partnership (TPP) is an agreement between 12 countries bordering the Pacific Ocean. The TPP reached a deal this October in Atlanta, Georgia. Ministers from the 12 participating countries announced the biggest regional trade and investment agreement in history making several sweeping changes to international trade in a positive way. Specifically, TPP … Read More