Tax & Accounting Blog

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TAX AND ACCOUNTING PROFESSIONALS

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 […]

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

Australia: Making BEPS CbC reports public – “a shame to kill the golden goose”

Australia: Making BEPS CbC reports public – “a shame to kill the golden goose”

At an Australian Senate Estimates hearing on October 25, 2017, Australian Tax Commissioner Chris Jordan was asked to respond to calls for making country-by-country (CbC) reports public. He was asked whether releasing those reports to the public would be of help to the Australian Taxation Office (ATO). Mr. Jordan said if the reports were required to be made […] … Read More

How Justified Trust Aims to Reassure Taxpayers

How Justified Trust Aims to Reassure Taxpayers

 The ATO is using an approach called “justified trust” to reassure other taxpayers that the “big end of town” is paying its fair share of tax. In a speech in March 2017, Tax Commissioner Chris Jordan listed some commonly-held community perceptions and attitudes to tax that are influencing taxpayer behaviour. At the top of the […] … Read More

The Transparency Imperative

The Transparency Imperative

At a time when many governments are grappling with significant budget deficits, tax planning strategies that rely on cross border profit shifting have drawn the scrutiny of global regulators and taxation agencies. Following initial reports from the OECD working party on Base Erosion and Profit Shifting, the taxation obligation of multinational corporations has become headline […] … Read More