Tax & Accounting Blog

TEI Wraps Up 62nd Midyear Conference in DC

TEI Wraps Up 62nd Midyear Conference in DC

4 Days, 500 tax professionals and 35 breakout sessions presented by dozens of industry leaders – together they’re a recipe for success at this week’s 62nd Midyear Conference in Washington, DC. Check out my video recap from the event. The conference kicked off with an engaging general session … Read More

Treaty Exemptions for Business Profits – Part 4: Permanent Establishment

Treaty Exemptions for Business Profits – Part 4: Permanent Establishment

The definition of a permanent establishment may be found in the Permanent Establishment Article (typically article 5) of the applicable treaty. An enterprise has a permanent establishment if it has “a fixed place of business through which the enterprise carries on its business in whole or in part.” It may be a place of management, … Read More

Are you ready for IFRS?

Are you ready for IFRS?

Most of us know, it’s only a matter of time. The move towards a single set of high quality, understandable and enforceable global accounting standards – IFRS – is already underway amongst most of the world’s economies and  before we know it, IFRS will be more or less mandatory for U.S. corporations as well. Some IFRS / U.S. … Read More

Finland — VAT Increase Announced

Finland — VAT Increase Announced

Following budget deliberations this week Finnish Government Ministers have announced an increase in value added tax (VAT) across the board by one percentage point. Prime Minister Jyrki Katainen has indicated raises in tax rates will take precedence over saving cuts in the government’s budget plans. The planned increase, which will affect necessities such as food and … Read More

We Ask About Your Biggest Data Management Issues

We Ask About Your Biggest Data Management Issues

Our polls revealed there are significant amounts of data and it’s difficult to reconcile it all efficiently. With more of a focus on standardization and automation, corporate tax leaders are tuning in to learn how data management can be improved. Andrew Bazil, Product Specialist for ONESOURCE, was joined by 200+ tax professionals this month to focus on the biggest data management issues … Read More