Tax & Accounting Blog

How will our innovative software support California’s Riverside County?

How will our innovative software support California’s Riverside County?

By William Pleake Senior Manager, Thomson Reuters Tax & Accounting/Government – Product Management USA A lot of buzz words fly around nowadays that sound like great concepts and, in general, are things we can all nod our heads about and agree we want to encourage in our teams – things like collaboration, design inspiration and … Read More

India Introduces Interest Deduction Limitation Rules in Finance Act 2017

India Introduces Interest Deduction Limitation Rules in Finance Act 2017

On March 31, 2017, India enacted Finance Act 2017, which introduces measures in Clause 43 to limit interest expense deductions on related-party debts to 30% of the debtors (Indian company or an Indian permanent establishment (PE) of a foreign company) earnings before interest, taxes, depreciation, and amortization (EBITDA), or 30% of interest paid … Read More

What It Means to Japan Now That the U.S. Is No Longer Participating In the TPP

What It Means to Japan Now That the U.S. Is No Longer Participating In the TPP

The official announcement, January 20, 2017, from the U.S. President regarding separation as a member of the Trans Pacific Partnership Agreement (TPP) was an unexpected outcome for most industries in Japan.  Japan had much to gain with the U.S. on this agreement and had been looking to establish new processes and procedures based on the … Read More

Mexico Publishes Modifications to Transfer Pricing Documentation Requirements

Mexico Publishes Modifications to Transfer Pricing Documentation Requirements

On April 3, 2017, Mexico’s Office of the Taxpayer Advocate (PRODECON) published a final report for presenting the master file, local file and country-by-country (CbC) report under Article 76-A of the Income Tax Law. These documentation requirements apply from January 1, 2016, with initial CbC reports due by December 31, 2017 … Read More