Tax & Accounting Blog

Plugging In: Get Familiar with Shared Service Centers’ Impact on Tax and Accounting

Plugging In: Get Familiar with Shared Service Centers’ Impact on Tax and Accounting

Blog, ONESOURCE December 6, 2017

In this three-part series, we will outline the impact Shared Service Centers have on statutory reporting and unveil a forthcoming feature of Thomson Reuters ONESOURCE Statutory Reporting. We took our last snapshot of how multinationals are handling statutory compliance in 2016, when we found that roughly half of the multinationals we surveyed were using or … Read More

CbC Reporting in Countries without a BCAA with the US-Surrogate or Local Filing

CbC Reporting in Countries without a BCAA with the US-Surrogate or Local Filing

The IRS has announced that they will not be able to execute bilateral competent authority agreements (BCAA) with all countries expecting a CBC report for 2016. Should impacted US Multinational Enterprises (MNEs) file locally or use a surrogate? At play are four countries, France, Indonesia, Jersey, and Spain [1] — all of … Read More

Three Long-Term Trade Trends, From Leading Trade Practitioners

Three Long-Term Trade Trends, From Leading Trade Practitioners

By Keith Haurie, Vice President of Business Development for ONESOURCE Global Trade at Thomson Reuters The macro environment that underpins our third annual global trade survey, which will be released shortly, is increasingly uncertain and complex. The long-term consequences of protectionism; the fate of proposed and existing free trade agreements; and general technological developments in manufacturing … Read More

Belgium Extends Filing Deadline for Country-by-Country Report, Notification and Master File

Belgium Extends Filing Deadline for Country-by-Country Report, Notification and Master File

On November 28, 2017, the Belgian tax authorities announced that they would extend the filing deadline to March 31, 2018 for the country-by-country (CbC) report (Form 275 CBC), CbC notification (Form 275 CBC NOT), and the master file (Form 275 MF). These forms were initially due by the … Read More