On May 31, the Organization for Economic Co-operation and Development (“OECD”) issued a proposed approach to addressing challenges arising from the digitalization of the economy (the “Program of Work”). If it reaches consensus, the Program of Work could change “how taxing rights on income generated from cross-border activities in the digital age should be allocated among countries.”
Scott Hazy Provides Analysis of 2019 Georgia Construction Outlook Survey in Construction Executive
In an article for Construction Executive published on May 19, 2019, Scott Hazy shared an analysis of the 2019 Georgia Construction Outlook Survey and the business considerations of busy Georgia contractors when facing the top challenge of attracting and retaining talent in the hot market given the number of revenue increases and project backlog in recent years.
IRS Issues New Roadmap for Transfer Pricing Examinations
On June 29, 2018, the Internal Revenue Service (“IRS”) released Publication 5300 (06‑2018), Transfer Pricing Examination Process (“TPEP”), a 37-page document intended to guide IRS agents in the planning, execution and resolution of transfer pricing examinations (“TP Audits”).
Ben Miller Profiled in Netherlands American Chamber of Commerce
The Netherlands American Chamber of Commerce recently featured Ben Miller, Partner and leader of the firm’s Transfer Pricing practice, for their February Member Spotlight. Ben shared insight into Bennett Thrasher’s international practice and how the firm’s unique culture makes it different from competitors.
New Tax Legislation: Top Ten Action Items & Some Observations
With some of the most dramatic changes in US taxation in over 30 years forthcoming, individuals
and businesses should take time to reassess their tax planning for 2017 and future years to
determine how they will be affected.
Transfer Pricing Simplification Measures – The Simple, Often Smarter Approach
Multinational firms have historically sought to establish transfer pricing policies that comply with the local transfer pricing rules and regulations while also helping to facilitate strategic objectives that drive profitability.
Bennett Thrasher Recognized as a Leading US Transfer Pricing Advisor in World Transfer Pricing 2018
Bennett Thrasher is proud to share that we have recently been recognized as a leading transfer pricing advisory firm by International Tax Review in its World 2018 guide.
BT Promotes ‘Tigger Marshall’, Jennings Pitts to Partner
Bennett Thrasher LLP, one of the largest full-service public accounting and consulting firms in the country, has promoted to partner: Townsell G. “Tigger” Marshall III, in the Personal Financial Services practice, and Jennings P. Pitts, in the Corporate Tax practice. The firm now has 38 partners.
MAP – The Tool You Need to Navigate Business Risk in the Global Economy
News stories exposing many large multinational enterprises (“MNEs”) like Apple, Starbucks, Google, etc. for utilizing tax avoidance schemes are motivating governments and tax authorities around the world to quickly ramp up enforcement of tax rules intended to mitigate the ability for MNEs to implement such schemes.
United Nations Issues 2017 Transfer Pricing Manual
On April 7, 2017, the United Nations issued a revised version of transfer pricing manual that improves the alignment of the UN’s standards for transfer pricing with those offered by the OECD. Key updates related to value chain analysis and pricing controlled transactions involving services or intangible property
Passive Foreign Investment Companies
Passive Foreign Investment Companies – (PFICs)
A primer on what they are, how they are taxed and how to minimize the U.S. tax consequences of ownership.
New Tax Return Filing Deadlines for the 2017 Filing Season
It is that time of year again for taxpayers to begin organizing their financial and tax information to collaborate with their tax advisers in light of the approaching tax filing season. Taxpayers should be aware of the new due dates to ensure information is provided timely so that their tax returns are filed on time or appropriate extension requests granted.
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