Tax & Accounting Blog

International Tax Institute Panel on U.S. Tax Reform

International Tax Institute Panel on U.S. Tax Reform

On February 13, 2018, the International Tax Institute (ITI) held a seminar (U.S. Tax Reform Guidance Update with Treasury). Panelists included Chip Harter, Deputy Assistant Secretary (International Tax Affairs) of the U.S. Treasury; Paul Oosterhuis, Of Counsel at Skadden, Arps, Slate, Meagher & Flom LLP; and Philip Fried, Tax Principal at PwC. On December 22, … Read More

Canada Begins BEPS MLI Ratification Process

Canada Begins BEPS MLI Ratification Process

On January 31, 2018, Canada’s Parliamentary Secretary to the Minister of Foreign Affairs (Matt DeCourcey) tabled several tax treaties, including the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), in the House of Commons for consideration. This signals the beginning of the … Read More

U.S. Treasury Official Says that FDII Rules Are BEPS Compliant

U.S. Treasury Official Says that FDII Rules Are BEPS Compliant

On January 25, 2018, Jason Yen, Attorney-Advisor, Office of Tax Policy, U.S. Treasury, said during a panel event at a conference sponsored by the Washington, D.C. Bar that Treasury feels the “foreign-derived intangible income” (FDII) rules introduced by the 2017 U.S. tax reform legislation (the “Tax Cuts … Read More