Tax & Accounting Blog

Trade Between Brazil and Canada – Past, Present and Future (Pt 3)

Trade Between Brazil and Canada – Past, Present and Future (Pt 3)

Mercosur/Canada Free Trade Agreement Mercosur and Canada held exploratory meetings in the past to assess the feasibility of opening formal FTA negotiations, after which resulted public consultations to better understand the Brazilian private sector needs. However, resistance (mainly from Argentina) prevented further serious consideration. On 16 June 1988, Canada attempted to begin negotiations with Mercosur … Read More

Section 385 Final Regs. Modify Prop. Regs. to “Minimize Burdens” on Taxpayers

Section 385 Final Regs. Modify Prop. Regs. to “Minimize Burdens” on Taxpayers

In 518-page TD 9790 , October 13, 2016, IRS issued final and Temporary Regulations ("final Regulations") under Section 385 that (1) establish threshold documentation requirements that ordinarily must be satisfied so that certain related-party interests in a corporation are treated as indebtedness for federal tax purposes; and (2) treat certain other … Read More

Geography Awareness Week

Geography Awareness Week

Happy Day of GIS! It is the third Wednesday in November which is the day on which we celebrate Geographic Information Systems within the context of Geography Awareness Week. Geography influences everything from biology to politics, from weather to tax calculations. And Geographic Information Systems (GIS), gives us a way to collect, display, and analyze … Read More

France Publishes Legislation Proposing to Introduce Public Country-by-Country Reporting

France Publishes Legislation Proposing to Introduce Public Country-by-Country Reporting

On November 8, 2016, France published the transparency and anti-corruption bill (Law No. 830). See also corresponding Explanatory Report. A key measure included in the bill is the proposed adoption of public country-by-country (CbC) reporting. See BEPS Action 13. Companies that prepare consolidated accounts with turnover of at least … Read More