Tax & Accounting Blog

OECD Holds Second Round of Tax Talks

OECD Holds Second Round of Tax Talks

On July 12, 2016, the OECD Centre for Tax Policy and Administration held its second round of tax talks, which included details regarding the BEPS discussion drafts, recent country-by-country reporting (CbCR) guidance, and standardized XML Schema for the exchange of tax rulings and the Common Reporting Standard (CRS). The speakers included Pascal Saint-Amans, … Read More

Deloitte’s Philippe Penelle on Companies’ Response to BEPS Action 13

Deloitte’s Philippe Penelle on Companies’ Response to BEPS Action 13

Philippe Penelle is a managing partner and leader of the Washington National Tax Transfer Pricing practice of Deloitte Tax, LLP. Mr. Penelle answered the following questions for BEPS Global Currents on June 6, 2016 regarding the OECD BEPS project: Q: Are your clients generally taking a wait-and-see approach for the U.S. to finalize its CbC … Read More

U.S. Publishes Final CbC Regulations in the Federal Register

U.S. Publishes Final CbC Regulations in the Federal Register

On June 29, 2016, the U.S. Internal Revenue Service (IRS) and Treasury issued final country-by-country (CbC) regulations that will apply to U.S. persons that are the ultimate parent entities of a multinational enterprise (MNE) group that has annual revenue for the preceding annual accounting period of $850,000,000 or more. See OECD Read More