Tax & Accounting Blog

Highlights from Day 1 of the 2017 OECD International Tax Conference in Washington, D.C.

Highlights from Day 1 of the 2017 OECD International Tax Conference in Washington, D.C.

On June 5, 2017, the OECD began its two-day 2017 International Tax Conference in Washington, D.C., in partnership with the U.S. Council for International Business (USCIB). The OECD BEPS project was the focal point of each panel, which included discussions by government officials, OECD members, and multinational executives. Panel 1 – … Read More

Norway and U.S. Sign Competent Authority Agreement to Exchange Country-by-Country Reports
Brazil Releases Guidance on Country-by-Country Reporting Obligations

Brazil Releases Guidance on Country-by-Country Reporting Obligations

On May 15, 2017, Brazil released guidance on country-by-country (CbC) reporting. On December 29, 2016, Brazil published Normative Instruction No. 1681, requiring CbC reporting for fiscal years that begin on or after January 1, 2016, in compliance with BEPS Action 13. Multinational groups with total consolidated revenue in the preceding … 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