Tax & Accounting Blog

What You Need To Know About BEPS: Country-by-Country Report Preparation for MNE’s

What You Need To Know About BEPS: Country-by-Country Report Preparation for MNE’s

The rules are now clear. Every MNE with at least 750 million Euro of revenue in 2015 must prepare Country-by-Country (CbC) reports for the 2016 fiscal year. If the ultimate parent company does not file, then a surrogate or the local entity will most likely be required to comply. The timeline seems to afford MNEs … Read More

What You Need to Know About President Obama’s 2017 Budget Proposal

What You Need to Know About President Obama’s 2017 Budget Proposal

It’s time for President Obama’s 2017 budget proposal. This is his last budget proposal and, while not much is new, there are several items that directly affect payroll and payroll departments. The concern is that some items will pass, if they get proposed enough times. Here are the items that will keep payroll professionals up … Read More

U.K. Issues Final CbC Reporting Regulations

U.K. Issues Final CbC Reporting Regulations

On February 26, 2016, the government submitted the Taxes (Base Erosion and Profit Shifting) (Country-by-Country Reporting) Regulations 2016 before Parliament, which will enter into force on March 18, 2016. The final regulations follow the public technical consultation that ran through November 16, 2015, on the proposed country-by-country (CbC) reporting regulations that HMRC issued on … Read More

Are You Really Listening to Your Clients?

Are You Really Listening to Your Clients?

Sometimes, the best business insights come directly from those you serve. In order to truly hear your clients, though, you need to actively listen. This is a skill. It takes practice. Sometimes, you even have to “listen between the lines” because your clients may ask for one thing, but really want another. Consider this example. … Read More

Reflecting on BEPS Regulations and Country-by-Country Reporting at TP Minds Americas

Reflecting on BEPS Regulations and Country-by-Country Reporting at TP Minds Americas

I have recently returned from the TP Minds Americas Transfer Pricing Summit in beautiful Miami, Florida where I had the privilege of presenting a session on entitled: “New BEPS Regulations and Country-by-Country Reporting: Practical Steps To Compliance.” I was fortunate to be joined by Sharon Rosiak, International Tax Manager and BEPS Action Plans Implementation … Read More