Tax & Accounting Blog

U.S. Publishes Additional Model Competent Authority Agreement on Exchange of Country-by-Country Reports

U.S. Publishes Additional Model Competent Authority Agreement on Exchange of Country-by-Country Reports

On September 12, 2017, the U.S. Internal Revenue Service (IRS) published a model competent authority agreement (CAA) for the exchange of country-by-country (CbC) reports that is based on the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the “OECD Convention”). The foregoing CAA supplements the CAAs that the IRS published on … Read More

Ireland Reviews Corporation Tax Code in Light of BEPS

Ireland Reviews Corporation Tax Code in Light of BEPS

On September 12, 2017, Ireland’s Minister for Finance and Public Expenditure and Reform released the independent report of Mr. Seamus Coffey on Ireland’s Corporate Tax Code in relation to the OECD BEPS project. The recommendations in the report will be considered by the Irish government. Ireland’s commentary from the Report with respect to specific … Read More

Recent Customs Related Rulings: Supportive of the Trump Trade Agenda?

Recent Customs Related Rulings: Supportive of the Trump Trade Agenda?

Blog, Global Trade, ONESOURCE September 15, 2017

Typically, trade compliance rulings (trade court rulings or rulings issued by CBP – Customs and Border Protection) cause trade compliance professionals to consider the implications in terms of whether the decision increases or decreases costs for companies. In light of the election of President Trump and his focus on trying to bring jobs back to … Read More

Evaluating Your Firm’s Customer Service

Evaluating Your Firm’s Customer Service

Customer service is a vital component of long-term business retention. Service-based businesses like accounting firms realize the importance of top-quality customer service, but in the era of the ever-decreasing attention span, how do you keep your clients’ attention long enough for them to realize what a great experience they’ll have with your firm? Here are … Read More

U.S. IRS Publishes More Bilateral CbC Report Exchange Information

U.S. IRS Publishes More Bilateral CbC Report Exchange Information

On September 13, 2017, the U.S. IRS published the bilateral competent authority arrangement (CAA) that it signed with Lithuania on August 30, 2017, on the exchange of country-by-country (CbC) reports. This CAA is based on the 1998 income tax treaty  in effect with Lithuania. Article 27 (Exchange of Information) of the U.S.-Lithuania … Read More

Greece Announces Implementation of EU Directive on Automatic Exchange of Country-by-Country Reports

Greece Announces Implementation of EU Directive on Automatic Exchange of Country-by-Country Reports

On August 24, 2017, Greece issued Circular 1131 with respect to Law No. 4484-2017 (published in the official gazette on August 1, 2017), which implemented EU Directive 2016/881 (the “Directive”) into Greek legislation regarding the mandatory automatic exchange of country-by-country (CbC) reports. See BEPS Action 13. The Directive amends Directive 2011/16, … Read More