Russo: “A comprehensive package of measures has been agreed.” Pascal Saint-Amans, Raffaele Russo and their tax colleagues at the OECD are happy people after the publication of the second and final set of proposals to tackle base erosion and profit shifting (BEPS), following two years of intensive talks.
Corporate executives are questioning their tax colleagues much more closely about risk, according to a senior tax leader at EY, as they try to deal with increasing dangers to their business.
EY has created People Advisory Services (PAS), a new global, integrated practice combining 10,000 practitioners from tax and advisory to advise clients on people, organisational and compliance issues.
The US Treasury Department and the Internal Revenue Service (IRS) are to extend the time that certain transitional rules will apply under the Foreign Account Tax Compliance Act (FATCA), in response to worries from foreign financial institutions (FFIs) and withholding agents about how the gradual withdrawal of the rules will affect their ability to comply with the legislation.
AJ Galdeano Consulting will become part of Ernst & Young, the EY member firm in Brazil, expanding the Big Four firm's tax services in accounting compliance and reporting, as well as business process outsourcing, in the region.
