• 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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  • More businesses are e-filing

    According to the IRS, business e-filing climbed nearly 10 percent in 2014.

    According to recent data from the IRS, more businesses electronically filed their tax information in 2014 compared to the previous year. The agency marked a nearly 10 percent increase among business e-filing, representing an additional 600,000 corporations and partnerships.

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  • Koskinen warns 2015 filing season could be delayed due to stalled Congress

    If Congress doesn't take action on extenders, the 2015 tax filing season could be delayed.

    IRS Commissioner John Koskinen recently wrote a letter to U.S. Senate Finance Committee Chairman Ron Wyden detailing his concerns that the 2015 tax filing season will be delayed if Congress doesn’t take action on extenders. These are tax provisions that expired at the end of 2013, and the commissioner said Congress needs to decide whether to extend them before the end of November.

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