Tax & Accounting Blog

Louisiana Legislature Reinstates Suspended Sales Tax Exemptions

Louisiana Legislature Reinstates Suspended Sales Tax Exemptions

Earlier this year, the Louisiana State Legislature held an extraordinary session to address their state’s looming budget shortfall. To produce badly needed revenue, the state suspended its complicated array of sales tax exclusions and exemptions, temporarily replacing them with a much shorter list of products and services not subject to tax. However, Gov. John … Read More

Part 2: Multiple Country-by-Country Reports & Multiple XML Schema

Part 2: Multiple Country-by-Country Reports & Multiple XML Schema

On March 22, 2016, the OECD published its standardized electronic format for the exchange of Country-by-Country (“CbC”) Reports between Competent Authorities, including the CbC extensible markup language (“XML”) schema and related User Guide. Both documents were developed to assist the speedy and consistent implementation of CbC Reporting with a view to accommodating the electronic … Read More

Screening: Working with the Right Partners

Screening: Working with the Right Partners

Blog June 24, 2016

The exchange of goods and services beyond our borders is not only confined to best cost and benefits of the relationships, but also the obligation of companies to be careful with other factors that can adversely affect the company in different ways. Financial Crimes, Money Laundering and Drug Trafficking The action of incoming funds, or … Read More

Compliance, reputational risk, and tax transparency

Compliance, reputational risk, and tax transparency

Whatever the forces are that have been promoting the benefits of tax transparency, they seem to be proving successful. Most respondents (53%) to our recent Thomson Reuters ONESOURCE survey said they think non-compliance with global regulations to promote tax transparency and curb tax avoidance can affect their institution’s reputation. These respondents were largely C-level executives … Read More