Tax & Accounting Blog

How Do I Streamline My Classification Process and Minimize Risk?

How Do I Streamline My Classification Process and Minimize Risk?

Blog, Global Trade, ONESOURCE October 21, 2016

Risk is a certainty in any business and increases when it comes to international trade.  In fact, when moving goods internationally, there are a number of areas that can open up a company to business liabilities. Within this international environment, poor compliance practices can bring about delays and possibly penalties and reputational damage. How do … Read More

Maryland Sets 2017 Interest Rate on Refunds and Delinquent Taxes

Maryland Sets 2017 Interest Rate on Refunds and Delinquent Taxes

Pursuant to Article §13-604, the Maryland Comptroller is required to annually set the interest rate on refunds and moneys owed to the State. The Comptroller has announced that for the 2017 calendar year, the annual interest rate is 12%. (General Notice, Maryland Comptroller of the Treasury, Maryland Register Vol. 43, Issue 21, 10/14/2016.) For corporations and … Read More

OECD Highlights Tax Transparency and Beneficial Ownership

OECD Highlights Tax Transparency and Beneficial Ownership

On October 6, 2016, Angel Gurría, OECD Secretary-General, spoke at a G20 Finance Ministers and Central Bank Governors meeting in Washington, D.C. Gurría said that although governments have made great strides in combating offshore tax evasion and increasing transparency, challenges remain. Specifically, tax evasion continues to occur with the use of shell companies, … Read More