Tax & Accounting Blog

Apple’s €13 billion Irish back-tax bill reverberates around the world – Apple and Ireland to appeal; U.S. denounces decision

Apple’s €13 billion Irish back-tax bill reverberates around the world – Apple and Ireland to appeal; U.S. denounces decision

Let the tax wars begin! A little too dramatic? Perhaps, but maybe not. The significance of the European Commission's decision effectively imposing a €13 billion (yes, €13 billion!) Irish back-tax bill on Apple should not be underestimated. While it may take a little time for the consequences to be fully worked through, the decision raises … Read More

Korea to Colombia FTA

Korea to Colombia FTA

Blog, Global Trade, ONESOURCE September 2, 2016

As of July 15, 2016, the Free Trade Agreement between South Korea and Colombia is now officially in effect. This is Colombia’s first FTA with an Asian country and an important avenue for Colombia to enter the region. South Korea has FTAs with two other South American nations; Peru and Chile. Colombia is a small … Read More

Same Day ACH is Almost Here

Same Day ACH is Almost Here

On September 23, 2016, Same Day ACH becomes a reality. Let’s take a few minutes for a refresher. The Electronic Payments Association (NACHA, previously the National Automated Clearing House Association) has adopted a rule to move payments faster by enabling same day processing for ACH payments. Currently, NACHA moves money between financial institutions with … Read More