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Tax Transparency at the G20

Tax Transparency at the G20: International Collaboration in Combatting Evasion

October 17, 2016, 10:42 pm EST in AEOI Reporting, Blog, Value-Added Tax

The fight against tax evasion was front-and-center at the 2016 G20 Hangzhou Summit, which brought together twenty global leaders of the nations with the largest economies.In the wake of the “Panama Papers” leak earlier this year, tax transparency was slated to take on a much more significant role than it...

Tales from the 2016 IPT Sales Tax and VAT Symposia

October 6, 2016, 6:00 am EST in Blog, Enterprise Sales Tax, Events, Value-Added Tax

Overview of common tax gap theme at the recent 2016 Sales Tax Symposium and the 2016 Value Added Tax Symposium, both sponsored by the Institute of Professionals in TaxationI recently had the distinct pleasure of attending both the 2016 Sales Tax Symposium and the 2016 Value Added Tax Symposium, both...

IRS Delays E-Service Re-Registration Planned for October 24

IRS Delays E-Service Re-Registration Planned for October 24

October 5, 2016, 2:26 pm EST in Affordable Care Act, Blog, Tax Information Reporting

Update from the IRS as of October 24th Revised Date Information for e-Service Users To ensure a smooth transition, the IRS has decided to delay the October 24 date for requiring e-services users to re-register and validate their identities through Secure Access authentication. In the next few weeks, the IRS...

Sovos AEOI Networking Series

Sovos Kicks Off Networking Series: CRS Expected to Increase Reportable Accounts Fivefold

October 5, 2016, 11:39 am EST in AEOI Reporting, Blog, Events

Overview Sovos Compliance kicked off its networking series with in New York on September 22nd with an event focused on Automatic Exchange of Information (AEOI) reporting. The agenda included a panel discussion with Alex Crenshaw from Wells Fargo, Chris Liguori from State Street, and Josh Herrera from Morgan Stanley. Lani Chou (Pricewaterhouse Coopers)...

Louisiana adds new surcharges and fees.

More Changes Coming to Louisiana: Somebody Call 911

September 30, 2016, 3:25 pm EST in Blog, Enterprise Sales Tax

Louisiana has two upcoming changes effective October 1 that were not highly publicized.Changes in taxability have become almost routine in Louisiana over the past few months. While most of the major changes were completed as of July 1, 2016, additional adjustments that have not been well-publicized will go into effect...

SAF-T Online Tax Reporting Forces Transparency

Standard Audit File for Tax (SAF-T): Online Tax Reporting Forces Transparency

September 15, 2016, 11:59 pm EST in Blog, Value-Added Tax

A number of countries have started implementing a process for submitting transaction data to taxing authorities. Standard Audit File for Tax (SAF-T) was initially agreed upon by the 38 member states of the Organisation for Economic Co-operation and Development (OECD) in 2005. On July 1, 2016, Poland was the first...