• Australian official says international collaboration necessary for curbing BEPS

    As more countries collaborate to combat BEPS, MNEs will likely face increased compliance costs.

    At the Second Annual Tax Forum hosted by the Tax Institute of Australia Oct. 9 to 10, Andrew Mills, second commissioner of the Australian Taxation Office (ATO) for Law Design and Practice, said countries must work together to tackle base erosion and profit shifting (BEPS) problems arising because of multinational corporations (MNEs). He noted corporations are globalizing, and corporate tax policies must adjust with the times.

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  • What is Form W-9?

    Form W-9 is used to certify a payee's TIN, which the payer will list on tax information returns.

    Form W-9, Request for Taxpayer Identification Number (TIN) and Certification, is a tax reporting document used to gather payee information. These details will be listed on information returns filed by the payer.

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  • OECD published public comments on BEPS Action 11

    Some of the BEPS project stakeholders said data collection efforts should focus on existing data to minimize compliance costs.

    The Organization for Economic Cooperation and Development (OECD) recently released a number of public comments regarding the Base Erosion Profit Shifting project, which was started with the Group of 20 (G20) nations. These comments came from many of the project’s stakeholders.

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  • Getting ready for tax season 2015

    Now is a good time for organizations to start working on their tax compliance strategies.

    Now is the perfect time for organizations to start thinking about the upcoming 2015 tax season. Although the fourth quarter of 2014 has just kicked off, organizations should start preparing their tax compliance strategies.

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  • Ireland ends tax sheltering in response to international corporate tax reform

    Ireland will eliminate tax advantages used by many U.S. corporations.

    Ireland has been a popular location for multinational enterprises (MNEs) because it has a favorable corporate tax rate and tax advantages that allow corporations to reduce their tax bills. However, these tax compliance benefits are coming to a close, as the country recently announced it would no longer be a tax haven for MNEs.

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