Tax & Accounting Blog

Brazil Must Adopt a New and Urgent Mindset in Regards to its Commercial Approach

Brazil Must Adopt a New and Urgent Mindset in Regards to its Commercial Approach

Blog, Global Trade, ONESOURCE November 24, 2017

Brazil has historically been identified as a protectionist country, with many elements to demonstrate this assertion. For example, when trading with other countries under Free Trade Agreements, Brazil’s exposure to the world’s consumers is only 8%, according to a study by CNI (National Industry Confederation). If compared to Brazil’s neighbors Chile … Read More

Argentina Includes BEPS Proposals in Draft Tax Reform Bill

Argentina Includes BEPS Proposals in Draft Tax Reform Bill

On November 15, 2017, Argentina issued its draft tax reform bill, which includes a number of BEPS measures. These measures are discussed below. Value Added Tax (VAT) (BEPS Action 1) This bill proposes to incorporate legislation regarding digital services where the provider is resident or domiciled outside Argentina, to the extent … Read More

U.K. Parliament Holds Emergency Debate on Public Country-by-Country Reporting

U.K. Parliament Holds Emergency Debate on Public Country-by-Country Reporting

On November 14, 2017, the U.K. House of Commons held an emergency debate on tax avoidance and evasion ahead of Chancellor Philip Hammond’s finalization of the Budget. During the debate, members emphasized the need for public country-by-country (CbC) reporting following the release of the Paradise Papers. See BEPS Action 13. According to Dame … Read More