Tax & Accounting Blog

UK HMRC Publishes Draft Regulations to Make Patent Box Regime OECD Compliant

UK HMRC Publishes Draft Regulations to Make Patent Box Regime OECD Compliant

On December 9, 2015, the UK HM Revenue and Customs (HMRC) published a Policy Paper, Draft Finance Bill 2016, Clause 31, and Draft Finance Bill 2016, Clause 32, supporting changes to the UK patent box regime to comply with the OECD international framework for intellectual property and preferential tax regimes. These proposals … Read More

FTA in Latin America: The Door is Open

FTA in Latin America: The Door is Open

Blog, Global Trade December 17, 2015

Globalization has progressed the realization of multiple trade agreements worldwide in the last 15 years. Commonly, it is considered that these are bilateral treaties between countries, but may also include supranational trade unions, similar to what we are seeing with the Trans-Pacific Partnership (TPP) Agreement. Currently, Free Trade Agreements are multiplying all over the world … Read More

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Checkpoint Special Study: Depreciation & Expensing Provisions in the “Protecting Americans from Tax Hikes” Act

As explained in this Special Study, the PATH Act makes permanent the enhanced Code Sec. 179 expensing and phaseout limits; and 15-year writeoff for qualifying leasehold improvements, restaurant buildings and improvements, and retail improvements. In addition, the Act provides for a retroactive extension of a host of other depreciation provisions for businesses that had expired at the end of 2014, including the extension of 50% bonus first-year depreciation (at a rate that gradually decreases). … Read More