Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

Infographic: reach BEPS success

A global Thomson Reuters survey has found low levels of confidence among tax executives about how prepared their systems and processes are for the new BEPS regime. With mistakes being costly, around $525,000 in fines costly, Australian businesses cannot risk a late lodgement to the ATO. Download the full infographic here and learn what best-practice BEPS […]

Infographic: reach BEPS success

Infographic: reach BEPS success

A global Thomson Reuters survey has found low levels of confidence among tax executives about how prepared their systems and processes are for the new BEPS regime. With mistakes being costly, around $525,000 in fines costly, Australian businesses cannot risk a late lodgement to the ATO. Download the full infographic here and learn what best-practice BEPS […] … Read More

BEPS: Overcoming the obstacles to country-by-country reporting

BEPS: Overcoming the obstacles to country-by-country reporting

The new BEPS regime is tripping up tax executives globally – which could cost enterprises hundreds of thousands in penalty fees. Country-by-country reporting is a core element of the Base Erosion and Profit Shifting (BEPS) measures now being implemented for Australian multinationals. The first BEPS reports are due on 15 February 2018, and most Australian […] … Read More

Making BEPS Country-by-Country reporting (CbCR) implementation more manageable

Making BEPS Country-by-Country reporting (CbCR) implementation more manageable

For many businesses and their tax teams, BEPS CbCR is new, complex and challenging. But with the right planning and approach it can be effectively managed. In the two years since the release of the OECD’s Base Erosion and Profit Shifting (BEPS) plan, much has been written about how governments will implement it. Less has been written […] … Read More

New BEPS data shows corporate caution

New BEPS data shows corporate caution

BEPS is looming large over the tax affairs of businesses across the world but two factors are slowing compliance. In the meeting rooms of the OECD’s Paris headquarters, “BEPS implementation” is the task of getting all the many rules in place to control Base Erosion and Profit Shifting. In the tax departments of multinationals around […] … Read More

Checklist: 5 questions to measure where you stand on BEPS

Checklist: 5 questions to measure where you stand on BEPS

Are you finding it at least slightly difficult to keep up with new BEPS developments and requirements in countries where you operate? 90 per cent of respondents to the Thomson Reuters 2017 Global BEPS Survey said they were. Are you still making changes to operations based on BEPS recommendations?  63 per cent of Global BEPS […] … Read More