Tax & Accounting Blog

Cracking Down on International Tax Loopholes- OECD Findings

Cracking Down on International Tax Loopholes- OECD Findings

Hybrid methods use by multinationals for tax evasion are likely to increase scrutiny and additional UTP concerns. This is the basis for the recent OECD report, Hybrid Mismatch Arrangements: Tax Policy and Compliance Issues.  The 27-page report  highlights the use of hybrid methods arrangements to exploit differences in tax … Read More

The CIO’s Role in Indirect Tax Compliance: Deploying Solutions on Spec and on Budget

The CIO’s Role in Indirect Tax Compliance: Deploying Solutions on Spec and on Budget

With many governments across the world facing revenue deficits, countries are continuing to accelerate their indirect tax audit initiatives with companies operating in their respective jurisdictions. These companies are facing an interesting dilemma: tax managers are in charge of compliance, but the implementation of technology used to drive compliance is in the hands of IT … Read More

Withholding on U.S. Business Income of Foreign Vendors – Part 4: Treaty Exempt ECI

Withholding on U.S. Business Income of Foreign Vendors – Part 4: Treaty Exempt ECI

A beneficial owner of ECI resident in a tax treaty country may be able to claim an exemption from tax under an applicable income tax treaty provision. An entity with ECI that is not attributable to a permanent establishment in the United States (as that term is defined by the applicable tax treaty), may make a … Read More