Tax & Accounting Blog

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

Nexus Considerations: Navigating the “Kill Quill” Revolt

Nexus Considerations: Navigating the “Kill Quill” Revolt

Nexus Considerations: Navigating the “Kill Quill” Revolt This article is authored by Rebecca Newton-Clarke, J.D. (Senior Editor, Checkpoint Catalyst). It first appeared in Thomson Reuters Checkpoint State & Local Taxes Weekly, 1/22/18 (Volume 29, No. 4) and is the first in a special series of articles dedicated to recent nexus developments. The staid and technical … Read More

Hong Kong Signs Bilateral Agreements on Exchange of CbC Reports

Hong Kong Signs Bilateral Agreements on Exchange of CbC Reports

On January 15, 2018, the Hong Kong Inland Revenue Department (IRD) announced that it has signed a bilateral competent authority agreement (CAA) with France for the exchange of country-by-country (CbC) reports. Hong Kong has also signed CAAs on the exchange of CbC reports with Ireland, South Africa, and the U.K. The … Read More