Tax & Accounting Blog

The Blockchain Can Radically Automate Trade

The Blockchain Can Radically Automate Trade

By Keith Haurie, Vice President of Business Development for ONESOURCE Global Trade at Thomson Reuters The distributed ledger technology known as the blockchain has achieved substantial adoption in the finance industry and is seeing rapid adoption in others, such as healthcare, insurance, and legal. Soon, it will begin to dynamically change how large corporations operate, and … Read More

OECD Summarizes BEPS Developments to Date

OECD Summarizes BEPS Developments to Date

On October 17, 2017, the OECD held its seventh round of Tax Talks, covering the recent progress jurisdictions have made in implementing various BEPS Action Items. The OECD panelists spoke in detail on the digitalization of the economy; harmful tax practices; tax treaties; country-by-country (CbC) reporting; dispute prevention and resolution; and the Multilateral … Read More

Cyprus Issues Guidance on Submission of Country-by-Country Reports and Notifications

Cyprus Issues Guidance on Submission of Country-by-Country Reports and Notifications

On October 3, 2017, the Cypriot Ministry of Finance issued Circular No. 10 to all Tax Officers regarding the submission of country-by-country (CbC) reports and notifications. See BEPS Action 13. All data related to the submission of notifications and CbC reports will be submitted electronically through the specific application available via the Read More