Tax & Accounting Blog

Just in time to close out 2016, and make a strong statement in the end of his presidency, President Obama announced several measures in response to the Russian government’s alleged “aggressive harassment of U.S. officials and cyber operations aimed at the U.S. election”. [1] These actions followed the repeated private and public warnings … Read More

Extended Support Hours for Tax Season 2016 Help is just a phone call away! Our U.S. based staff of experienced professionals is dedicated to providing the assistance you need—when you need it. Visit the Support Hours page on our website for the latest updates. Use the Help & … Read More

On December 29, 2016, Brazil published Normative Instruction RFB No. 1681, requiring country-by-country (CbC) reporting. See BEPS Action 13. The ultimate parent entity, or another entity that is a Brazilian tax resident, is required to submit the CbC report. An entity other than the ultimate parent can submit the report if … Read More

On December 27, 2016, Luxembourg published a newsletter, saying that the government has implemented country-by-country (CbC) reporting and the mandatory automatic exchange of CbC information. See BEPS Action 13. On December 13, 2016, the Luxembourg Parliament adopted Law No. 7031, implementing CbC reporting and the mandatory automatic exchange of … Read More

On 19 June 2016, the China State Council released the Decision of Revising Customs Inspection Rules of the People’s Republic of China (State Council Announcement [2016] No.670), which took effect on 1 October 2016. Because the last version of Customs Inspection Rules was released in 1997, the State Council spent two years trying to understand … Read More

A ballot measure to increase the local sales tax by 1% in Massac County, Illinois was defeated by just two votes. Backers of the measure sought to raise funds to repair the county courthouse, which was reportedly suffering from structural cracks, in addition to needing mold and asbestos removed from certain … Read More