International Tax ADVISORY: Impact of the Multilateral Instrument of U.S. Taxpayers
Nearly 70 countries have signed the OECD’s multilateral instrument – but the U.S. isn’t one of them. Our International Tax Group takes stock of how the MLI will prevent base erosion and profit shifting (BEPS) and what it all means for U.S. companies.
What is the multilateral instrument?
Why didn’t the U.S. sign it?
How will it impact U.S. multinationals?
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International Tax ADVISORY – IRS Issues Draft Form and Instructions for Country-by-Country Reports
Ultimate parents of U.S. multinational enterprises now have instructions for Form 8975, the U.S. Country-by-Country Report. Our International Tax Group reviews what U.S. MNEs must do to comply with new U.S. filings requirements, as well as procedures for voluntary early filing intended to satisfy BEPS-related Organisation for Economic Co-operation and Development guidance in other jurisdictions.
Fixing the reporting mismatch
Revenue Procedure 2017-23
The form and instructions
Read the full International Tax Advisory here. [...]Read more
International Tax Advisory: Taking a Gap Year: Delayed U.S. CbC Reporting Creates Hassle for U.S. Multinationals
Just a few key differences between U.S. proposed regulations on country-by-country reporting and the OECD’s BEPS recommendations are causing administrative headaches. Our International Tax Group minds the gap and explains what it means for U.S. multinationals.
Click here to read the full advisory.