Tax & Accounting Blog

Eradicating Your Supply Chain of Sanctions and Reputational Risk

Eradicating Your Supply Chain of Sanctions and Reputational Risk

The recent U.S. sanctions case against ZTE Corp. has underscored the importance of a robust sanctions risk management strategy that reaches into every tier of an organization’s supply chain.This investigation, which resulted in record-setting penalties, threatened the reputation of several high-profile technology brands that supply ZTE Corp, including Qualcomm, Microsoft and Intel.ZTE Corp., which includes … Read More

G7 Finance Ministers and Central Bank Governors Encourage BEPS Implementation

G7 Finance Ministers and Central Bank Governors Encourage BEPS Implementation

On May 13, 2017, the G7 issued a Communiqué with regard to the G7 finance ministers and central banks’ governors meeting in Italy on May 12-13, 2017. The G7 encouraged countries and jurisdictions to commit to implement the BEPS package and join the G20/OECD Inclusive Framework on BEPS. The Communiqué said that the … Read More

France Ratifies Multilateral Agreement to Automatically Exchange CbC Reports

France Ratifies Multilateral Agreement to Automatically Exchange CbC Reports

On April 28, 2017, France issued Decree No. 2017-672, ratifying the OECD Multilateral Competent Authority Agreement for the Automatic Exchange of CbC reports (“CbC MCAA”), which was signed in Paris on January 27, 2016. On October 1, 2016, France implemented the CbC reporting requirements introduced in the 2016 Finance Act, which … Read More

Managing Company Acquisitions from a Trade Compliance Perspective

Managing Company Acquisitions from a Trade Compliance Perspective

According to the Institute for Mergers, Acquisitions, and Alliances; in 2016 there were over 48 thousand worldwide mergers and acquisitions.   Regardless of what point the Global Trade Compliance team is included in acquisition discussions, it needs a process for assessing the existing risk, support from senior management when unacceptable risk is discovered, and creative … Read More