Tax & Accounting Blog

South Korea: Tax Revision Bill, 2016 to Make Significant Tax Changes: CbC Reporting

South Korea: Tax Revision Bill, 2016 to Make Significant Tax Changes: CbC Reporting

South Korea’s government says its 2016 Tax Revision Bill focuses on stimulating the economy and improving people’s livelihoods, while pursuing fair and rational taxation. The Ministry of Strategy and Finance says the Bill provides for a range of changes, including Country-by-Country (CbC) reporting under BEPS, R&D incentives, corporate tax credits, tax … Read More

China Tire Industry Is Facing A Storm

China Tire Industry Is Facing A Storm

Blog, Global Trade August 5, 2016

2015 was an awful year for China’s tire industry, as evidenced by the annual figures from China’s tire makers; noting sales down by 20% or more. In the newest report from China Customs (dated Jan 2016), China exported 44.451 million new pneumatic rubber tires. This represents 6.6% decrease year-over-year and an Export Value of USD … Read More

BDO Webcast Analyzes Proposed U.S. Section 385 Regulations

BDO Webcast Analyzes Proposed U.S. Section 385 Regulations

On August 2, 2016, BDO held a webcast on the U.S. Section 385 Proposed Regulations (“Proposed Regulations”), concerning treatment of direct or indirect interests in a related corporation as stock, debt, or as in part stock and in part debt. The panelists included Joseph Calianno, Partner, International Technical Tax Practice Leader … Read More

Lingering Questions Regarding FATCA and CRS

Lingering Questions Regarding FATCA and CRS

Months ago, Thomson Reuters ONESOURCETM and Banking Technology conducted one of the first surveys on how new tax transparency regulations are truly affecting the world’s financial institutions. The Foreign Account Tax Compliance Act, which creates a new information reporting and withholding regime in the U.S. for payments made to foreign entities, and the … Read More