Tax & Accounting Blog

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

On June 20, 2016,  U.S. Treasury and the IRS announced that a public hearing will be held at IRS headquarters in Washington, D.C., on July 14, 2016, concerning the  Section 385 debt/equity Proposed Regulations issued on April 4, 2016, that relate to the OECD BEPS Action 4 recommendations on interest limitations. … Read More

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

After decades of debate, as of January 1st, 2017, several North Carolinians became overnight residents of South Carolina and vice-versa as legislators came to an agreement to redefine the border between the neighboring states. 15 counties in North Carolina and 11 in South Carolina were adjusted geographically to accommodate this change, as well as 123 … Read More

What is the difference between FATCA and CRS? Both are often mentioned in the same breath and are in some ways similar, but there are major differences between the two. FATCA vs. CRS FATCA (the Foreign Account Tax Compliance Act) was introduced by the U.S. Department of Treasury and Internal Revenue Service in 2010 to … Read More

One of the main topics in the UK during the last few weeks has been related to the possibility of the UK leaving the EU following a referendum to be held on the 23th of June. With few days to go, the things look very tight and the polls show quite similar results for both … Read More