US tax filing due dates have been changed for the first time in more than three decades, including returns for partnerships and corporations. The changes go into effect starting with 2016 US tax returns, which will be filed in calendar year 2017. This post contains an easy-to-read chart showing the new (and former) due dates.
Donald Trump may have alienated some prominent Republicans during his presidential campaign, but he could find common ground with his party’s lawmakers on the subject of US corporate tax reform. This post explores how Trump’s presidency will likely affect US corporate taxation and cash repatriation rules.
In his final trip abroad as president, Barack Obama urged global citizens and leaders to uphold democratic ideals. He and German chancellor Angela Merkel also trumpeted the potential benefits of the proposed TTIP, and in a joint article they concluded that "the future is upon us, and we will never return to a pre-globalization economy.”
This week's Global Glance looks at what's really involved in moving to Canada after an election and how a Cape Breton DJ's website went viral.
Donald Trump’s surprising victory over Hillary Clinton in the US presidential election means many things to many people. Here are a few brief takes on what his coming presidency might mean for US multinationals.
Tax authorities everywhere are intent on collecting taxes from foreign nationals working within their borders, and shadow payrolls have become an increasingly important way for multinationals to avoid paying fines. This post gives you an understanding of what shadow payrolls are and why they’re used. If you’re considering sending an employee abroad, understanding why shadow payrolls are important is a critical first step to lowering your company’s risks.
Last week the first-ever international transaction between banks using multiple blockchain applications took place. Wells Fargo, Goldman Sachs and other prominent firms are developing blockchain technologies, but blockchain’s reach is not limited to financial transactions. This post collects some of the ways various companies across industries are using this fast-evolving technology that some experts believe may be as revolutionary as the internet.
US presidential candidate Donald Trump is viewed by investors as potentially toxic to the Mexican economy. The value of the Mexican peso appears to be linked to the perceived likelihood of a Trump victory in November.
Recently elected Philippine president Rodrigo Duterte's tactics and temperament are already profoundly affecting his country's economy. Here's what Duterte's presidency means for foreign investors in a country that's been a rising economic star in South East Asia.
Och-Ziff, one of the world's largest hedge funds, is being investigated for FCPA violations related to activities in Africa. The investigation is evidence that US authorities are increasingly intent on holding individuals accountable for corporate fraud. It's also a strong reminder to US companies of the risks involved when engaging intermediaries to facilitate business transactions abroad.
More than 45 million people are living in slavery, with Asia accounting for two thirds of the victims. To prevent slavery and increase supply chain transparency, the UK passed the Modern Slavery Act. Ensuring compliance is difficult, but a recent survey suggests that when a company leader takes a stand against slavery and exploitation, it has an effect that ripples throughout the workforce.
Obtaining a company officer’s signature is the final step in the US corporate tax-return process. If an officer is unfortunate enough to receive a return on or shortly before the deadline, he or she will almost certainly not be able to thoroughly review it. To help company officers in this situation, we’ve prepared a checklist of essential items to review before signing a US corporate tax return.