BDO News

This is a feed of the latest BDO USA Tax Publications.

Transfer Pricing News December 2019, Issue 32

Transfer pricing is increasingly influencing significant changes in tax legislation around the world. This 32nd issue of BDO’s Transfer Pricing Newsletter focuses on recent developments in the field of transfer pricing on an international level and in Denmark, France, South Africa, and Sri Lanka, and it highlights further OECD guidance. 

INTERNATIONAL: Further ... read more

Indirect Tax News

BDO Indirect Tax News focuses on issues of practical importance in the field of VAT and similar indirect taxes, such as GST. Experts from all over the world provide first-hand information on recent developments in legislation, jurisdiction and tax authorities’ opinions and directives.  

In this issue:  The European Union – Important changes to ... read more

Recent Indiana Department of Revenue decisions show strict interpretation of documentation requirements for R&D credit

Summary

Letter rulings recently issued by the Indiana Department of Revenue disallow research expense credits based on insufficient documentation (IN Department of Revenue Letters of Findings 02-20190975 & 02-20191105). Although the department acknowledged that in some cases the evidence pointed to the performance of qualifying R&D activities, the documentation was insufficient ... read more

Reporting of Positive Tax Basis Capital Accounts Not Required Until 2020 Partnership Taxable Years

On September 30, 2019, the Internal Revenue Service issued drafts of the 2019 Forms 1065 and 8865, Schedule K-1 proposing to require partner tax basis capital reporting by all partnerships and to prohibit the reporting of partner capital under Section 704(b) of the Internal Revenue Code, generally accepted accounting principles ... read more

Treasury Issues Final Regulations and Additional Proposed Foreign Tax Credit Regulations

Summary

On December 2, 2019, the Department of the Treasury and the Internal Revenue Service (collectively, Treasury) released for publication in the Federal Register final and temporary regulations (T.D. 9882) that provide guidance relating to the determination of the foreign tax credit under the Internal Revenue Code. The final regulations finalize ... read more

Treasury Issues Final Regulations and Additional Proposed Regulations for the BEAT

Summary

On December 6, 2019, the Department of the Treasury and the Internal Revenue Service (collectively, Treasury) published in the Federal Register final regulations implementing the base erosion and anti-abuse tax (BEAT) under Section 59A. On the same date, Treasury also published in the Federal Register additional proposed regulations that provide ... read more

First Exclusions Granted for List 3 China Duties

On August 7, 2019, the Office of the United States Trade Representative (USTR) published a Federal Register notice granting the first exclusions of products from the 25-percent duty imposed on the third tranche (List 3) of Section 301 tariffs on goods totaling approximately $200 billion. The published notice can be ... read more

Global Employer Services Newsletter – November 2019 Issue

In this month’s issue: 

AUSTRIA – Change in Austrian legislation – Payroll tax obligation for employees with unlimited tax liability in Austria CANADA – Potential changes to beneficial tax treatment on stock options CHINA – Promulgation of the administrative measures on entitlement of non-resident taxpayers to tax treaty benefits  THE NETHERLANDS – Tax Plan 2020 UNITED KINGDOM Double ... read more

North Carolina enacts market-based sourcing, adopts marketplace facilitator rules, and more

Summary

On November 8, 2019, North Carolina Governor Pat McCrory signed S.B. 557 into law.  These new rules (i) enact market-based sourcing rules for corporation income tax purposes; (ii) make various changes to the allocation and apportionment of income for specific industries; (iii) add a sales and use tax requirement for ... read more

The BDO 600 – 2019 Study of CEO/CFO Compensation Practices

Executive compensation weighs heavily on the minds of most companies todayas external pressures scrutinizing executive pay practices continue to intensify. Designing a smart, well-balanced compensation strategy and program requires careful consideration of internal and external factors.

The BDO 600 CEO/CFO Study is unique in the industry because it focuses on middle ... read more