Tax & Accounting Blog

Premier Li Keqiang confirmed China will continue it’s Value Added Tax (VAT) reform. The VAT reform will provide tax relief up to $85 billion for businesses in China as the economy experiences a slow down. The VAT reform moves the services from the Business Tax to VAT. VAT in China has been a … Read More

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

The decline in oil prices globally has hit many countries hard but one country hit particularly hard with the decline in oil prices is the Kingdom of Saudi Arabia. The Kingdom derives 3/4 of its tax revenue from oil and gas production. As a result of the massive decline in oil prices the 2016 budget … Read More

Investments in transport infrastructure are maybe the most important single contributor to urban growth.  Related to this, transportation is also critical to the location decisions of international business. That is one reason why the development of a logistics hub – be it global or regional logistics hub or a specialized port city, airport city, warehousing … Read More

Buffalo Chip, a longtime campground and site of numerous concerts and festivals each year, was unanimously voted by their community members to become South Dakota’s newest incorporated town.  Campground CEO, Rod Woodruff, intends to keep ‘business as usual’ within the new town, adopting already established ordinances from Meade County.  However, Sturgis, the closest city to Buffalo Chip … Read More

As software has become less tangible, the application of sales and use taxes has become more complicated. Recently, Michigan’s Department of Treasury released a notice clarifying their policy regarding prewritten computer software delivered electronically after a Court of Appeals ruling on the issue.  See Auto-Owners Inc. Co. v. Dept. of Treas., 2015 WL 6473592 … Read More