The OECD’s BEPS recommendations have affected tax regimes all over the world. This post focuses on the US’s own tax landscape as it relates to BEPS, including the implementation of a country-by-country reporting requirement and changes to the US’s income tax treaties with other countries.
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.
On August 30, 2016, the European Commission found that Ireland granted illegal tax benefits to Apple Inc., and demanded that Apple repay €13 billion to Irish tax authorities. We provide a clear, concise summary of the situation and tell you what you need to consider in the wake of the ruling.
Welcome back to Global Glance. This week we look at Apple begging in Brussels; swearing in the US and the UK; and a cleric's declaration that chess is the work of the devil.