Tax & Accounting Blog

PwC’s David Ernick on Companies’ Response to BEPS Action 13

PwC’s David Ernick on Companies’ Response to BEPS Action 13

David Ernick is a Principal in the Transfer Pricing Practice of PricewaterhouseCoopers’ (PwC) Washington National Tax Services office. Prior to joining PwC, Mr. Ernick was Associate International Tax Counsel at the U.S. Treasury Department. Mr. Ernick answered the following questions for BEPS Global Currents on August 9, 2016 regarding the OECD BEPS project: Q: Did … Read More

Luxembourg Issues Draft Law on Country-by-Country Reporting

Luxembourg Issues Draft Law on Country-by-Country Reporting

On August 2, 2016, Luxembourg’s Parliament issued a draft law that would implement EU Directive 2016/881 regarding the automatic and mandatory exchange of tax information and country-by-country (CbC) reporting for multinational companies. See BEPS Action 13. The ultimate parent entity of a group of multinational companies that are Luxembourg … Read More

South Korea: Tax Revision Bill, 2016 to Make Significant Tax Changes: CbC Reporting

South Korea: Tax Revision Bill, 2016 to Make Significant Tax Changes: CbC Reporting

South Korea’s government says its 2016 Tax Revision Bill focuses on stimulating the economy and improving people’s livelihoods, while pursuing fair and rational taxation. The Ministry of Strategy and Finance says the Bill provides for a range of changes, including Country-by-Country (CbC) reporting under BEPS, R&D incentives, corporate tax credits, tax … Read More