On 31 August Thomson Reuters and Advance Tax Compliance presented a webinar called a “Streamlining Tax Data Management – Take Control and Improve Your Tax Data Processes”. In this webinar we focused on the usage of tax data management technology by tax departments, specifically ONESOURCE DataFlow. We also shared a live example how an improved […] … Read More
The OECD has released comments, dated as of August 11, 2017, to the July 11, 2017 public release of the draft contents of the 2017 update to the OECD Model Tax Convention (MTC). The OECD received comments from a variety of international associations and groups. Outlined below are some of the comments received by the […] … Read More
On August 1, 2017, Greece published Law No. 4484 (the “Law”) in the Government newspaper, The Hellenic Democracy. The Law implements EU Directive 2016/881 (amending Directive 2011/16, which was previously amended by Directives 2014/107 and 2015/2376) on the mandatory automatic exchange of tax information (e.g., country-by-country (CbC) reports) into domestic legislation. See BEPS Action 13. […] … Read More
On June 15, 2017, U.K. HMRC issued updated guidance on the Worldwide Disclosure Facility (WDF). See BEPS Action 12. On December 31, 2015, all HMRC offshore facilities closed. The WDF is currently available to anyone who would like to disclose a U.K. tax liability that relates wholly or partly to an offshore issue, which includes […] … Read More
On July 10, 2017, the OECD released its 2017 version of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (“TP Guidelines”), which provide guidance on the application of the arm’s length principle. The TP Guidelines define the “arm’s length principle” as “the international standard that OECD member countries have agreed should be […] … Read More
We presented a webinar on the theme of tax provision software; what companies are doing, and how OTP can help. We drew a contrast between high-risk, labour-intensive and inflexible ways of working, and our software, that helps to: – Eliminate unnecessary manual entry – Review faster than ever – Analyse data in seconds A recording […] … Read More