Tax & Accounting Blog

China and OECD Guidelines– Not So Perfect Together

China and OECD Guidelines– Not So Perfect Together

The China State Administration of Taxation (SAT) recently affirmed in a paper for the United Nations transfer pricing project that they are generally consistent with the OECD guidelines, but that certain modifications may be needed to reflect the particular circumstances existent in China. In particular, the SAT points out three key areas of concern: There … Read More

Can Tax Reform Legislate Economic Analysis?

Can Tax Reform Legislate Economic Analysis?

The Tax Council Policy Institute (TCPI) hosted the 14th annual Tax Policy and Practice Symposium, “Taxation of Intangibles: Implications for Growth, Jobs and Competitiveness,” on February 13-14 in Washington, DC. In attendance were tax leaders from business, government, and academia who provided perspectives of issues regarding intangible assets, intellectual property, and business processes that are … Read More

Watch the Video – Turn Your Tax Department into Rock Stars

Watch the Video – Turn Your Tax Department into Rock Stars

At last week’s SYNERGY 2012 conference, we debuted our “Tax Accountant Rock Stars” video to over 1300 tax professionals in Grapevine, TX. The video features old school accountants from 25 years ago transforming into the rock stars of their company with ONESOURCE. It’s set to the LMFAO song “Party Rock Anthem” … Read More

Live from Synergy 2012- Join the Journey Day #2

Live from Synergy 2012- Join the Journey Day #2

The first day of Synergy 2012 brought an exciting opening session from Tax & Accounting President Brian Peccarelli and a spirited debate between our two keynote speakers, James Carville and Mary Matalin. Over 170 sessions continue today. Many of these sessions feature our clients telling their ONESOURCE story, including Ford, Bayer, and Johnson & Johnson. Check … Read More

Live from Synergy 2012- Join the Journey Day #1

Live from Synergy 2012- Join the Journey Day #1

We’ve kicked off Synergy 2012- Join the Journey! This jam-packed conference will allow over 1400 customers to engage with fellow tax professionals, learn best practices for using your ONESOURCE solution, and preview upcoming enhancements that will boost your user experience. Visit the ONESOURCE global page to view today’s video, as well as the … Read More

International Tax Authorities Strike Again

International Tax Authorities Strike Again

On October 11, 2012, the Federal Administration of Tax Revenues, the AFIP, of Argentina accused a large  agriculture biotechnology company  of using sham loans from related parties to avoid up to $77 million in taxes.  According to the AFIP, the company “pretended” to borrow money from related overseas parties to show lower revenues.  The lenders … Read More