Mexican President Andres Manuel Lopez Obrador has signed a decree providing for tax cuts in the Mexican states bordering the United States.
January 13, 2019 Read more
Tax News
On December 13, 2018, the United States Internal Revenue Service issued proposed regulations on the operation of the base erosion and anti-abuse tax, contained in Section 59A of the Internal Revenue Code.
December 20, 2018 Read more
Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies.
December 6, 2018 Read more
Releasing a progress update, the OECD said international efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide.
November 22, 2018 Read more
The Financial Accounting Standards Board (FASB) on October 31 issued Accounting Standards Update 2018-17, intended to reduce the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs), for which co…
November 1, 2018 Read more
The Association of International Certified Professional Accountants has issued a policy paper calling for a multilateral approach to solving the tax challenges posed by the digital economy.
October 28, 2018 Read more
Estonia has topped the Tax Foundation’s International Tax Competitiveness Index for the fifth successive year, being deemed to have the “best tax code in the OECD.”
October 28, 2018 Read more
On October 10, 2018, the United States Treasury Department and the Internal Revenue Service published a Notice of Proposed Rulemaking in the Federal Register notifying taxpayers of the availability of additional guidance regarding the transition tax un…
October 11, 2018 Read more
The American Institute of CPAs has urged the Internal Revenue Service and the US Treasury Department to simplify the draft 2019 Form W-4, Employee’s Withholding Allowance Certificate, and the accompanying instructions, to reduce administrative burdens…
July 15, 2018 Read more
The US Internal Revenue Service has announced plans to streamline
the personal income tax return for the 2019 tax filing season, to reflect changes
brought about by the Tax Cuts and Jobs Act.
July 8, 2018 Read more