While there are many uncertainties in the House Republicans’ current tax reform blueprint, perhaps the item garnering the most attention is the potential decrease in the corporate tax rate from 35 percent to 15 or 20 percent. However, one potential…

Rejoice: investment into the U.S. may have just gotten cheaper, and many inbound investors may be entitled to refunds. Only a few short days after the Treasury Department issued Notice 2017-38 (identifying overly burdensome or complex regulations…

I vividly recall the moment in the summer of 2014 while attending a CPE event at the Miami Marlins Park. Sitting in a room of primarily controllers and chief financial officers, those on the front lines of what was about to come, it became clear…

UPDATE: As of the release of this edition of Tax Advisor Weekly, the Treasury Department has issued Notice 2017-38, stating that the Section 987 regulations, among others, may require modification or rescission per President Trump’s April 2017…

2017 年5 月19 日，国家税务总局、财政部、中国人民银行、银监会、证监会及保监会 共同发布了2017 年第14 号公告《非居民金融账户涉税信息尽职调查管理办法》（以下 简称“14 号公告”）。14 号公告将于2017 年7 月1 日起实施。金融机构首次报送信息 的日期为2018 年5 月31 日。   14 号公告的颁布是中国将“统一报告标准”（CRS）本土化的一项立法举措，随着中国 与经济合作与发展组织（OECD）于2015 年12 月签署了《…

On July 21, 2016, the Department of Labor (“DOL”), Internal Revenue Service (“IRS”), and Pension Benefit Guaranty Corporation (“PBGC”) (collectively the “Agencies”) proposed major revisions to Form 5500. The stated goals of the proposed revisions…

When it comes to acquisitions and tax, there is nothing buyers love more than a good step-up. Check that — a great step-up. A step-up in the tax basis of the acquired assets allows the buyer to amortize the resulting identifiable intangibles and…

This edition of Tax Advisor Weekly discusses some practical aspects related to the introduction of country-by-country (CbC) reporting by the Internal Revenue Service and the audit risks large and mid-sized companies may face following the submission…

To date there have been countless articles about the potential effect of tax reform on companies both large and small, with the focus of these articles on the potential outcomes of tax reform on companies’ effective tax rates (please see the links…

When a company is undergoing a sales and use tax audit, the use of sampling procedures by the auditor can be daunting and can sometimes result in unplanned difficulties for the company. It is extremely important to get ahead of the game and to…

Preparing for an initial public offering (IPO) involves many facets of an organization’s business including legal, regulatory, financial and operational considerations. Public companies face additional regulations and greater disclosure requirements…

Since the release of the House Republican tax reform “Blueprint” in June 2016, which was shortly followed by the release of the Trump proposal later that summer, there has been endless discussion of the proposed tax reform and what the ramifications…

The Trump administration yesterday (April 26, 2017) shared its ambitious but very short outline for U.S. Tax Reform as presented by Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn during a press briefing.Game…

Almost two years ago, we wrote in these pages about the importance of companies taking a fresh look at their foreign tax credit profile as many began to eat through loss carryforwards and emerge as cash taxpayers once more. 2015 was a simpler time…

The momentum behind tax reform took a back seat to healthcare the last few months, except for some debates surrounding border adjustments. That changed to a large degree on Friday, March 24, when the House of Representatives decided not to vote on…

The primary proxy advisor firms, Institutional Shareholder Services (ISS) and Glass Lewis, recently announced changes to their governance evaluation policies and processes for the 2017 proxy season. The following is a summary of the ISS changes for…

Almost five months have passed since the presidential election, and conversations are increasingly shifting to the looming promise the House Republicans made to issue an overhauled tax code during the 2017 year. Once it became clear that Washington…

Many retail organizations are finding current operating conditions difficult. As retailers navigate these conditions, they need to ensure their people strategies and compensation programs are flexible and supportive, not rigid and dated.…

A major focus of a private equity fund acquiring a target or a business contributing cash to a joint venture is to ensure that it receives depreciation based on the relative fair market value of its contributions to the partnership. Depreciation or…

2017 Begins With “Hopeful Uncertainty” The stock market gains since the presidential election in early November have signaled optimism for 2017, but the optimism assumes change — maybe a lot. Because of the change anticipated, CFOs will need to be…