Tax & Accounting Blog

Indonesia to prioritize Free Trade Agreement with European Union (EU)

Indonesia to prioritize Free Trade Agreement with European Union (EU)

The cooperation between participating countries within the Indonesia-European Union (EU) Comprehensive Economic Partnership Agreement (CEPA) was designed to enhance the economic cooperation between Indonesia and the countries that are members of the EU. It is of recent that the Indonesian government is realizing just how important the impact of the free trade agreement with the … Read More

Global Trade Trends: Regional Variances in Trade Operations

Global Trade Trends: Regional Variances in Trade Operations

Companies can exert little control over the macro conditions that impact trade, but they can use today’s low-growth trade environment as an opportunity to review and optimize their processes. Through the first nine months of 2016, net U.S. trade fell $470 billion, according to the Census Department. Although GDP growth might not be as robust … Read More

Norway Implements Country-by-Country Reporting Requirements

Norway Implements Country-by-Country Reporting Requirements

Following approval by the Norwegian parliament, on December 2, 2016, Norway amended the Tax Administration Act with the addition of a new § 4-13, implementing country-by-country (CbC) reporting. See BEPS Action 13. Under the new legislation, a parent company domiciled in Norway with enterprises abroad is required to submit, … Read More