The U.S. corporate tax rate is now 21% (down from 35%) along with other important changes. Companies should meet with their tax and transfer pricing advisors for specific advice on their U.S. operations.
OECD – Profit Splits
Matthew Wall of MDW submitted comments to the OECD’s latest revision of 2017 Discussion Draft for the guidance on profit splits.
OECD – BEPS
Matthew Wall of MDW submitted comments to the OECD on the Discussion Draft for BEPS Action 8 implementation guidance on Hard-to-Value Intangibles.
CRA Update
MDW provided an update on the Canada Revenue Agency’s fight against tax avoidance and evasion regarding the Panama Papers.
CPA CANADA
CPA Canada invited Matthew Wall as a guest speaker on transfer pricing for the accounting students at Centennial College.
CRA Update
MDW explained the Federal Budget will give the CRA $524 million over five years to prevent tax evasion and improve compliance with an expected return of $2.5 billion of additional revenue.
IRS Update
The IRS launch campaign to audit U.S. distributors that buy goods from related parties in other countries.
OECD – Profit Splits
Matthew Wall of MDW submitted comments to the OECD’s latest revision of 2016 Discussion Draft for the guidance on profit splits.
CRA Update
MDW explained the Department of Finance Canada issued draft amendments for the Income Tax Act to include Country-by-Country Reporting as part of the OECD BEPS measures.
Bloomberg BNA Transfer Pricing Conference
Matthew Wall joined a panel discussion on business restructuring titled “Managing Change from a Transfer Pricing Perspective.”