Tax & Accounting Blog

European Parliament Publishes Opinion on Legal Basis for Public Country-by-Country Reporting

European Parliament Publishes Opinion on Legal Basis for Public Country-by-Country Reporting

On January 17, 2017, the European Parliament’s Committee on Legal Affairs (the “Committee”) published its opinion on the appropriate legal basis for the disclosure of income tax information (i.e., public country-by-country (CbC) reporting). See BEPS Action 13. On January 12, 2017, the Committee decided that Article 50(1) of the Read More

Intermediate Materials – Can They Help Me Qualify for FTAs?

Intermediate Materials – Can They Help Me Qualify for FTAs?

Blog, Global Trade, ONESOURCE February 10, 2017

In complicated manufacturing environments many producers create sub-assemblies or intermediate products before combining them in final products for export.  This is often reflected in complicated multi-level bill of materials (BOM) during manufacturing.  If these intermediate materials are qualified and considered originating in the production country, the possibility of meeting originating content requirements to meet rules … Read More