Tax & Accounting Blog

Netherlands Delays First Notification of CbC Reporting

Netherlands Delays First Notification of CbC Reporting

On November 15, 2016, the Dutch State Secretary of Finance issued a decree, delaying the first notification deadline for country-by-country (“CbC”) reporting to September 1, 2017. The tax authorities have developed an automatic notification tool, which the State Secretary intends to make compulsory. The notification is made pursuant to Section 29d of the Read More

French National Assembly Approves Diverted Profits Tax Proposals

French National Assembly Approves Diverted Profits Tax Proposals

According to the French National Assembly (the “Assembly”), many companies artificially divert profits from activities performed in France by avoiding the establishment of a taxable presence in France and by taking advantage of loopholes in tax legislation. As a result, on November 7, 2016, the Assembly approved Amendment No. II-CF421 (the “Amendment”) to … Read More

Finland Proposes to Extend 2016 CbC Reporting Notification Deadline

Finland Proposes to Extend 2016 CbC Reporting Notification Deadline

On September 15, 2016, Finland submitted its 2017 budget proposals (HE 142/2016) to Parliament for consideration, which would introduce CbC reporting, master file, and local file requirements starting with fiscal years that begin on or after January 1, 2016. The CbC reporting requirements (new Sections 14(d) and (e) of the Tax Assessment Procedure … Read More

Dedicated or Shared Cloud – Which Works for You?

Dedicated or Shared Cloud – Which Works for You?

Last week I had the opportunity to attend Synergy, our annual ONESOURCE User Conference. I conducted presentations on Thomson Reuters ONESOURCE™ Indirect Tax applications, and had lots of great conversations about what’s top of mind for tax professionals. A common theme continues to be the ongoing inability to concentrate on their core area of expertise, … Read More