Tax & Accounting Blog

Belgium Implements Anti-Tax Avoidance Measures

Belgium Implements Anti-Tax Avoidance Measures

On October 27, 2017, Belgium issued an overview of tax reform proposals, several of which implement EU Directive 2016/1164 of July 12, 2016 (ATAD 1) (the “Directive”) regarding hybrid mismatches, controlled foreign companies (CFCs) and limitation on interest deductions. On October 27, 2017, the Belgian Ministry of Finance also announced … Read More

How Retail’s Evolution Impacts Tax Nexus, Amazon Edition

How Retail’s Evolution Impacts Tax Nexus, Amazon Edition

Amazon’s acquisition of Whole Foods this summer was a useful example of how changing consumer preferences can introduce new complexities for tax teams. While it isn’t entirely obvious what Amazon will become over the long term, it’s somewhat clear why Whole Foods was an attractive acquisition target for the storied retailer now. There are, in … Read More

Mexico Announces Release of Online Platform and Forms for Filing Transfer Pricing Documentation

Mexico Announces Release of Online Platform and Forms for Filing Transfer Pricing Documentation

On October 31, 2017, the Mexican tax authority (Servico de Administracion Tributaria or SAT) announced that its online platform and electronic forms will be ready starting on November 1, 2017, for taxpayers to file their new transfer pricing documentation (i.e., country-by-country (CbC) report, master file, and local file). Editor’s Note: This means that there … Read More

4 Tips for a Smooth Sales Tax Software Transition


4 Tips for a Smooth Sales Tax Software Transition


If you’re considering switching sales tax software systems, you’ve probably done your homework—everything from making a thorough pro-con list to performing a cost comparison. As a savvy tax professional, you’re looking for a software solution that automates every step of the transaction tax lifecycle. But switching to a new sales tax system can be intimidating, … Read More

Corrected: U.S. May Not Finalize All CbCR Exchange Agreements by 2017 Deadline

Corrected: U.S. May Not Finalize All CbCR Exchange Agreements by 2017 Deadline

On October 27, 2017, a U.S. Internal Revenue Service (IRS) Large Business and International (LB&I) official, Theodore Setzer (Assistant Deputy Commissioner – International), said during an ABA Tax Section conference in Washington, D.C. that the IRS may not be able to sign some bilateral competent authority agreements (CAAs) in 2017 with its treaty partners … Read More