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Compliance Management Archive

Month:   Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
  • January 2019

    Cryptoassets: UK and US approach transactions in similar manner

    January 29, 2019

    The UK’s tax authority, HM Revenue and Customs (HMRC), has recently published updated guidance on the tax treatment of cryptoassets. Kate Habershon, Neil McKnight and Nelson Yates II of Morgan, Lewis & Bockius examine the guidance and how it compares to the US’s perspective.

  • Tax directors should change how they think about VAT in the GCC

    January 28, 2019

    Businesses are at risk of being caught unaware if they ignore the continuous amendments to VAT regimes across the Gulf Cooperation Council (GCC) member states, tax heads warn.

  • Stronger tax competition predicted among Swiss cantons post-tax reform

    January 28, 2019

    Tax competition between Switzerland’s cantons is expected to become even stronger following tax reform, say tax directors at leading companies.

  • UK’s profit diversion compliance facility shows emphasis on TP

    January 28, 2019

    A new ‘profit diversion compliance facility’ (PDCF) announced by the UK tax authority aims to encourage companies to bring their transfer pricing (TP) arrangements in line with HMRC’s interpretation of the arm’s-length principle, writes Ben Regan, transfer pricing partner at EY.

  • The dangers of tax 'over-tooling'

    January 28, 2019

    In-house tax teams are implementing tailored software solutions due to the low cost of technology, but should beware of ‘over-tooling’ and employ a coherent purchasing strategy, writes Danish Mehboob.

  • The biggest US states are getting serious about Wayfair

    January 28, 2019

    For all companies that sell to US consumers without a physical presence in states, 2018’s Wayfair decision was a bolt from the blue. But the work of complying with ‘economic nexus’ rules in every taxing jurisdiction will be an ongoing project, not a one-off effort.

  • Financial institutions adapt to tax transparency

    January 28, 2019

    Tax transparency initiatives such as the CRS, AEOI and FATCA, and the upcoming mandatory disclosure rules, are having a profound impact on the operations and IT infrastructure of financial institutions (FIs) worldwide. Ronald Frey, chief product officer of the RegTech product unit within BearingPoint, discusses how these are creating trends towards data alignment and centralisation, and are changing the role of FIs and wealth managers in cross-border tax reporting.

  • The battle for resources: Making the case for tax departments

    January 28, 2019

    The rate of change in the tax regulatory environment in recent years has been rapid, arguably more so than at any other time in recent history. Heads of tax are competing with colleagues in other functions for a share of finite budgets. The challenge is to show value for money, writes Sandy Markwick, head of the Tax Director Network at Winmark.

  • Potential tax inefficiencies in equity crowdfunding transactions in Mexico

    January 28, 2019

    Mexican tax authorities are still yet to issue specific regulation surrounding crowdfunding activities, and with new a law addressing the financial technology sector at large, questions still remain surrounding the popular capital raising vehicle.

  • Upcoming US 10K filings to offer clues to BEAT and GILTI compliance

    January 22, 2019

    Banks will be examining the February 10K filings of their competitors to see how they are dealing with the BEAT and GILTI provisions in the US Tax Cuts and Jobs Act (TCJA).

  • Chances of China and Hong Kong tax harmonisation to impact investment decisions

    January 21, 2019

    The potential for tax harmonisation between China and Hong Kong could harm the latter’s ability to compete against Singapore for foreign investment and as a regional hub location.

  • Will clearance e-invoicing spread through the EU?

    January 14, 2019

    Governments around the EU are watching Italy to see if its new mandatory e-invoicing system (Sistema di Interscambio, or SDI) works, and whether it is effective in increasing the VAT take.

  • How to build an in-house team to take on technological advancements

    January 04, 2019

    Tax heads at multinational enterprises share insights on how to build digitally-focused teams to meet real-time compliance obligations and reduce business costs.

International Correspondents