Tax & Accounting Blog

Greece Implements EU Rules on Exchange of Country-by-Country Reports

Greece Implements EU Rules on Exchange of Country-by-Country Reports

On August 1, 2017, Greece published Law No. 4484 (the “Law”) in the Government newspaper, The Hellenic Democracy. The Law implements EU Directive 2016/881 (amending Directive 2011/16, which was previously amended by Directives 2014/107 and 2015/2376) on the mandatory automatic exchange of tax information (e.g., country-by-country (CbC) reports) into domestic legislation. See Read More

How Japan and EU FTA Affects Automobile Industry

How Japan and EU FTA Affects Automobile Industry

Blog, Global Trade, ONESOURCE August 4, 2017

Background Japan and the European Union (EU) leaders reached a political agreement on two landmark agreements, the Strategic Partnership Agreement and the Economic Partnership Agreement at the 24th Brussels Summit (July 07, 2017). Both agreements are expected to greatly benefit both Japan and the EU.  It is expected that the EU-Japan Economic Partnership Agreement will … Read More

U.S. Treasury and Internal Revenue Service Delay Application of Documentation Regulations under Section 385

U.S. Treasury and Internal Revenue Service Delay Application of Documentation Regulations under Section 385

U.S. Internal Revenue Code (IRC) section 385 authorizes the Secretary of the Treasury to prescribe rules to determine whether an interest in a corporation is treated for purposes of the IRC as stock or indebtedness (or as in part stock and in part indebtedness) by providing factors to be taken into account with respect … Read More

Improving Predictability in Logistics Costs

Improving Predictability in Logistics Costs

More and more we are seeing companies introduce themselves to the world of international trade, looking for opportunities to commercialize products outside their territories, and taking advantage of shortages or market gaps where they can capitalize. Getting into the foreign trade business can bring certain challenges, ranging from the basic language and cultural barriers, to … Read More