WTS in USA

On 8 October 2021, the OECD announced that 136 Inclusive Framework members signed onto its Pillar 1 and Pillar 2 deals.

The U.S. Supreme Court’s South Dakota v. Wayfair decision broke new ground in 2018 when it expanded sellers’ obligations to collect sales tax in new states. The landmark case reversed the ‘physical presence’ nexus standard for sales tax, giving states authority to impose tax obligations on remote sellers from multistate sales through ecommerce and fulfillment platforms.

The Tax Cuts and Jobs Act (“TCJA”), also known as U.S. Tax Reform, brought on many changes to the U.S. tax landscape, perhaps none further reaching than the changes to interest expense deductibility.

The US Department of the Treasury published the Biden Administration's Green Book, an ambitious 114-page proposal that would fundamentally reshape US tax law for the second time in four years.

High level overview of the proposed changes to US tax law for multinationals and the US’ shift in stance on the efforts of the OECD to overhaul international corporate taxation.

In the US, the new President will change many of the things Donald Trump has decided upon, but a change in US trade policy may be less likely.

View the full webinar recordings here

Due diligence should be done in the early stages of a deal, before the acquisition takes place

The latest Valentiam blog post provides a checklist of some key issues that companies should be thinking about when considering a foreign business expansion.

Sales and Use Taxes are indirect taxes, that if passed on to customers minimise the impact to the bottom line

What’s the Difference, and How to Execute Post Wayfair Decision

Keep track of how local country TP rules align with the post BEPS OECD transfer pricing guidelines

In light of the release of final 965 regs, we wanted to promptly bring several item to your attention

Background to § 163(j), describtion of provision, and review of the tax accounting considerations

Summary of the effect of the new law on high net worth individuals and family offices

Highlight of the key proposals in Notice 2018-13, noting particularly where changes will affect clients’ ongoing work to model the toll tax for end-of-year provision purposes  

Opportunities to mitigate US taxes on one-time repatriation for certain corporate taxpayers

Taxpayers have the opportunity to immediately deduct the full cost of qualified property acquisitions