Tax & Accounting Blog

Kill Chain: The 7 Stages of a Cyberattack

Kill Chain: The 7 Stages of a Cyberattack

By Joseph Raczynski Technologist, Thomson Reuters In our new world reality where cyberattacks are a daily occurrence and every organization must focus on critical infrastructure surrounding cybersecurity, businesses have begun to think like the military. How can we defend our enterprise? To that end, it’s not surprising that companies have adopted soldierly, combative mindsets and … Read More

4 Types of Questions That Will Make a Splash Cultivating Relationships With Prospects via Email

4 Types of Questions That Will Make a Splash Cultivating Relationships With Prospects via Email

Understanding your clients’ needs is crucial to tailoring your products so they’re getting the most effective solutions but it can be challenging to ask the right questions. Jumping in feet first by asking the right questions can make a big splash. Here are four types of questions to ask when cultivating relationships with prospects. Reflective, … Read More

BEPS Action Item 13: Using Technology to Simplify Compliance

BEPS Action Item 13: Using Technology to Simplify Compliance

BEPS Action Item 13 aims to improve transparency for tax authorities, advocating a three-pronged approach to transfer pricing documentation including master file, local file, and country-by-country reporting (CbCR). Since its finalization in October 2015, this action item has had a significant adoption rate, with more than 40 countries incorporating these guidelines into local law. The … Read More

Can you satisfy your BEPS CbCR and notification obligations with a spreadsheet?

Can you satisfy your BEPS CbCR and notification obligations with a spreadsheet?

The right way to deliver on your BEPS CbCR and notification obligations As countries around the world enact legislation in accordance with Action 13 of the Action Plan on Base Erosion and Profit Shifting (BEPS) set forth by the Organisation for Economic Co-operation and Development (OECD), Multinational Enterprises (MNEs) have common misconceptions — particularly when … Read More

Detecting Risks in CbC Reports in a Post-BEPS Era

Detecting Risks in CbC Reports in a Post-BEPS Era

The Transfer Pricing Story There are four elements to an MNE’s transfer pricing story: The CbC report The master file The local file Intercompany agreements How tax authorities detect risk in CbC reports and how MNEs can prepare Now that Country-by-Country (CbC) reporting is an integral part of the compliance process for taxing authorities and … Read More