Podcasts about oecd beps

A review of the week's major US international tax-related news. In this edition:  US Congress to begin push to draft budget reconciliation legislation – Treasury official also assumes role as acting IRS Commissioner – US discussing how GILTI can coexist with OECD BEPS 2.0 Pillar Two rules – USTR announces actions regarding Chinese maritime and logistics sectors.

為因應國際移轉訂價發展趨勢，我國參採經濟合作暨發展組織（OECD）之稅基侵蝕及利潤移轉（BEPS）行動計畫13之成果報告建議，於民國106年11月13日修正發布營利事業業所得稅不合常規移轉訂價查核準則，正式導入三層文據架構，除原已規範多年之移轉訂價報告外，增訂集團主檔報告（Master File）及國別報告（Country-by-Country Reporting）之規定。 本集「EY稅務輕鬆聊」將由安永聯合會計師事務所移轉訂價服務執業會計師林志仁與經理陳彥霖來跟各位聽眾逐一說明移轉訂價三層文據架構規範與注意事項！ Powered by Firstory Hosting

A review of the week's major US international tax-related news. In this edition:  US Congressional Republicans continue to hold differing views on 2025 budget reconciliation – US to adopt OECD's Amount B simplified and streamlined approach to intercompany transactions beginning 2025 – US announces partial suspension of 1973 US-USSR tax treaty application to Belarus – US international tax officials leaving government – OECD BEPS project update – OECD releases pricing automation tool and fact sheets to implement BEPS Pillar One Amount B – OECD releases peer review report on Action 5 exchange of tax rulings.

在國際趨勢的推動下，自2015 年起OECD 發布之BEPS 15 項行動計畫，至今年許多國家相繼上路的BEPS 2.0 的第二支柱－全球企業最低稅負制。我國稅法 亦步亦趨跟上最新潮流，除了今年起開始申報之受控外國企業（下稱CFC）制度外，財政部並於今年核釋了CFC 信託申報與預告修正營利事業所得基本稅額之徵收率的相關規定。 本集「EY 稅務輕鬆聊」，將由安永聯合會計師事務所稅務服務部營運長林志翔偕同重量級來賓，財政部賦稅署宋秀玲署長，為各位聽眾淺談CFC 制度下信託受託人應辦理信託所得申報的原因與目的，以及更詳細的了解相關申報事宜，精彩內容請不要錯過！ Powered by Firstory Hosting

在國際趨勢的推動下，自2015年起OECD發布之BEPS 15項行動計畫，至今年許多國家相繼上路的BEPS 2.0的第二支柱－全球企業最低稅負制。我國稅法亦步亦趨跟上最新潮流，除了112年開始實施之受控外國企業（下稱CFC）制度外，財政部並於今年核釋了CFC信託申報與預告修正營利事業所得基本稅額之徵收率（下稱我國AMT）的相關規定。 本集「EY稅務輕鬆聊」，將由安永聯合會計師事務所稅務部移轉訂價服務執業會計師林志仁與國際及併購重組稅務諮詢服務的執行總監馮葦祺偕同重量級來賓，財政部賦稅署宋秀玲署長，為各位聽眾淺談我國AMT與OECD全球最低稅負的關聯，並簡要複習OECD全球最低稅負制的觀念以及更詳細的了解我國AMT在修法後需要留意的變動及注意事項，精彩內容請不要錯過！ Powered by Firstory Hosting

This Tax Section Odyssey podcast episode takes a deeper dive into the Organisation for Economic Co-operation and Development's (OECD) initiative on Base Erosion Profit Sharing (BEPS) 2.0 which sets to reform the internation tax system with Pillar 1 and 2 tax regimes. In addition to the complexity of such international regulations, the political landscape for U.S. implementation is uncertain, and potential action is needed from Congress. Cory Perry, Principal, National Tax — Grant Thorton Advisors, and Vice Chair of the AICPA's International Technical Resource Panel (TRP), highlights that while many U.S. companies may not face larger tax bills if these regimes are adopted in the U.S., the administrative and compliance challenges are significant. The AICPA has submitted comment letters to the OECD, Treasury, and the IRS, focusing on simplification and clarification of rules. AICPA resources OECD BEPS 2.0 - Pillar One and Pillar Two — The OECD BEPS 2.0 sets out to provide a tax reform framework allowing for more transparency in the global tax environment. What you need to know about BEPS 2.0: Pillar One and Pillar Two | Tax Section Odyssey — The OECD BEPS 2.0 project is an international effort to reform the international tax system that addresses transfer pricing, profit allocation and tax avoidance. Advocacy Comments to Treasury on tax issues of OECD Pillar Two, Feb. 14, 2024 Comments to Treasury on Amount B of OECD Pillar One, Dec. 12, 2023  Other resources OECD BEPS — Inclusive Framework on Base Erosion and Profit Sharing For a full transcript of the episode, see  Tax Section Odyssey on the AICPA & CIMA website. 

The OECD BEPS 2.0 project consists of two pillars. Pillar One applies to the biggest and most profitable multinational enterprises and reallocates part of their profit and taxing rights to the countries where they sell their products and services. Pillar Two introduces a global minimum corporate tax of 15% to prevent tax avoidance and base erosion.   The U.S. has not yet adopted the OECD project into its tax system, but it will still impact U.S. multinational businesses that operate abroad. Practitioners need to know about the OECD project because it is a major change in the international tax system that will affect many multinational enterprises and their tax compliance.   AICPA resources OECD BEPS 2.0 - Pillar One and Pillar Two — The OECD BEPS 2.0 sets out to provide a tax reform framework allowing for more transparency in the global tax environment. Advocacy Comments to Treasury on tax issues of OECD Pillar Two, Feb. 14, 2024 Comments to Treasury on Amount B of OECD Pillar One, Dec. 12, 2023 Other resources  OECD BEPS – Inclusive Framework on Base Erosion and Profit Sharing

A monthly review of US international tax-related developments. In this edition: US tax policy battle lines being drawn; House Republican tax writers form 10 TCJA ‘tax teams' – US progress on global minimum tax will positively affect ongoing R&D talks, JCT updating BEPS Pillar Two analysis – IRS releases proposed rules on stock repurchase excise tax – IRS waives penalty for CAMT estimated tax – IRS final regulations on FIRPTA controlled QIE rules released – IRS releases draft Form 1099-DA on digital asset proceeds – US says draft Australian ruling on cross-border computer software sales contrary to US-Australia DTT, OECD Model Treaty – IRS releases APA report for 2023 – OECD BEPS 2.0 status update – OECD releases consolidated GloBE commentary document, revised GloBE examples.

A review of the week's major US international tax-related news. In this edition: US delegation to meet with OECD BEPS officials – OECD likely to simplify global minimum tax information filings – UN issues final report on international tax cooperation – IRS Chief Counsel nomination expected to be on Senate Finance Committee agenda.

Taxation is essential for our governance systems and has become a key issue of contention in global development policy. Alongside a growing recognition that the international tax system is broken, a global effort is underway to reform it. Yet this is not without debate. Who will decide how these systems work and what sorts of arrangements will the future tax system consist of? And what is most important for legitimacy - outcome or process? We discuss why taxation is fundamental to the establishment of the social contract between governments and their citizens, the connection between illicit financial fraud, corruption, and taxation, the OECD BEPS two-pillar system, as well as the trade-offs between inclusion and efficiency when addressing tax justice.   “The views expressed on this podcast are of the individuals and do not necessarily represent those of the United Nations, including UNDP, donor agencies, or the UN Member States. The designations employed and the presentation of the information in this podcast do not imply the expression of any opinion whatsoever on the part of the United Nations Development Programme - concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries.”

A review of the week's major US international tax-related news. In this edition: US Congress passes debt ceiling legislation – US House Ways and Means Committee Republicans introduce legislation targeting OECD BEPS 2.0 Pillar Two Undertaxed Profits Rule – US Senate Foreign Relations Committee reports out proposed US-Chile income tax treaty – US House members introduce resolution calling for legislation to prevent US-Taiwan double taxation.  

A review of the week's major US international tax-related news. In this edition: US Treasury warns there may be little guidance re new corporate minimum tax and stock buyback tax before effective date – No transition period or delay in implementation date for final Section 1446(f) withholding regulations – IRS expects more penalties in transfer pricing cases – House Ways and Means Committee Republicans request Treasury retain all documents, communications re OECD BEPS 2.0 Pillar One Agreement.

A review of the week's major US international tax-related news. In this edition: President Biden favors breaking up Build Back Better into smaller bills – OECD BEPS 2.0 Pillar Two model rules commentary expected in early February – OECD releases 2022 Transfer Pricing Guidelines.

Guest: Glimstedt Lawyer & Certified Tax Consultant, Gita Avotina; Host: AGroup PR & Marketing Manager, Julia Kuznecova Glimstedt is a well-recognized & leading law firm, which provides AGroup and respectively all HRB Portal users with all the necessary suite of legal and regulatory support in Latvia, Lithuania, and Estonia, ensuring full compliance with local legislation and proper conditions to make informed & confident decisions that work. On 11 November 2021, the European Parliament gave the final approval on the EU Directive on public Country-by-Country Reporting (CbCR), formally known as the Directive of the European Parliament and the Council amending Directive 2013/34/EU as regards disclosure of income tax information by certain undertakings and branches. In this episode Gita Avotina, Glimstedt lawyer & certified tax consultant answering the questions assumed, “If we refer to discrimination, it should be kept in mind that there shall be a principle of proportionality between interests of society and interests of individuals, in this case – companies. And we can see that by accepting this initiative public interests have been recognized to be justified, grounded and legitimate by implementing a particular approach. Furthermore, these proposals which have been implemented, have been discussed also with taxpayers, experts and this is generally acceptable concept for all involved parties. It continues the strategy of OECD BEPS 13 action plan, with one notable difference - publication of data. Therefore, Directive foresees transposition period for implementation and the first reportable year shall be only 2025 with reporting deadline December 2026. Thereby, there is a time limit provided for the companies to undertake actions for protection of their sensitive information. Furthermore, please note that a possibility to defer disclosing certain information for a limited period by providing reasoned explanation is foreseen. Which means that the publication of most important data can be deferred.” Also, Gita Avotina considered, “There shall be a certain position result reached and discussions have shown that during more than a 5-year period this result (let's say to this moment reasonable result) has been reached. If companies and society know that the information shall be published, so companies and all the society can get more “ready”, including transposition period, than simple publication (leakage) of data from companies internal databases. So, the main purpose of all this action is to ensure that companies' profits are taxed in countries where these profits are generated. General public as such can initiate proceedings for amendments in legislation, initiate administrative proceedings, but by the end – those shall be state institutions which shall make decisions, undertake particular actions towards taxpayers. Therefore, this publication of data is controlled. It's in a legal framework.” HRB Portal podcast is brought by AGroup, a leading HR & business software provider in Baltics & Eastern Europe. To learn more visit us on agroup.lv --- Send in a voice message: https://anchor.fm/hrb-portal-podcast/message

近年來隨著數位經濟的蓬勃發展，國際稅法也跟著不斷的修正。今年10月，經濟合作暨發展組織（OECD）對BEPS 2.0專案發布最新聲明，而在目前BEPS包容性架構（Inclusive Framework, IF）之141個國家中，共有137個成員國家對BEPS 2.0專案達成一致性的協議，期盼能夠制定一套統一的全球課稅權分配方式以及制訂全球最低稅負制，以解決長期以來跨國企業將利潤移轉至低稅負國家以規避稅負的問題。 BEPS2.0專案為何重要？有哪些企業會受到影響?運作的機制以及預計實施時程為何？ 本集「EY稅務輕鬆聊」將由安永聯合會計師事務所國際及併購重組稅務諮詢服務執業會計師周黎芳與經理李璿來跟各位聽眾拆解BEPS2.0專案的內容與分享獨家見解！ Powered by Firstory Hosting

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with news energy issues are biting hard in both China and Europe now.But first, Wall Street is trading sharply lower with the S&P500 down more than -2% and Dow Jones falling almost -500 points as a spike in Treasury yields dragged shares, especially tech shares, lower. Uncertainty in China isn't helping either. The yield on the 10-year Treasury topped 1.5% and the 5-year rate rose above 1% for the first time since February 2020. Investors are figuring that the US Fed will soon start reducing QE stimulus. They are also starting to wonder if the future is stagflation.Also weighing on market sentiment are lackluster data. The Conference Board sentiment measures are falling, and by more than expected.The American trade balance came in virtually the same in August as in July, a -US88 bln deficit. Both exports and imports both rose about +3% in August from July.The next regional factory survey is from the Richmond Fed and its mid-Atlantic states, and this one has turned negative. That is because the new order flow is dipping now while costs are still rising but the ability to pass them on has stopped.And the widely-watched Case-Shiller house price index rose +20% in the year that ended in July, as buyers continued to compete amid a shortage of homes for sale. But there are signs the American housing market is starting to cool.In Congress, two separate forces are imperiling incumbent policies. Elizabeth Warren has come out against supporting a Powell reappointment at the Fed. And the Republicans are looking to veto the OECD BEPS ratification by the US, thus protecting multinational tax avoidance strategies.And staying in Congress, two senior officials are warning of the risks lawmakers are taking with the debt-limit standoff. Yellen issued more details of the risks she sees. And NY Fed boss Williams issued his own warnings about adverse market reactions that will be difficult to control.Canada reported some key labour market data, but only for July. However, weekly earnings are shown to be rising +1.8% pa, even though total employment is still -2.5% smaller than pre-pandemic levels. And Canadian inflation is running at +4.1%.And the Canadian housing authority is warning that their housing market is now at a high risk of a sharp correction.In China they have begun rolling blackouts in Beijing and Shanghai, home to 48 million people, as the country struggles with crippling power shortages that have hit key factories in a further threat to the economy. Some recent blackouts have been unannounced.One of the hottest commodities right now is coal. Coal prices surged to a fresh record high of US$210/ton, bringing the monthly gain to nearly +20% and the yearly to almost +160%. Several factors have been pushing coal prices up, including tight supply in China as the country works to achieve emissions standards and reach carbon neutrality by 2060; a lack of mine investment reflecting pressure from socially conscious investors; imports constraints due to coronavirus restrictions and a surge in natural gas prices amid prospects of a shortage in the coming winter, especially in both Europe and China.China's industrial profits were up +50% in August compared to a year ago. But that expansion was less that they reported in July. Both comparatives are to a pandemic-damaged period. But compared to August 2019, they are up +20%. Profits continue to grow for both state-owned industrial firms (+87%) and private-sector +34%).But the power crisis has forecasters figuring that the Chinese expansion could run out of steam fast, and soon.The UST 10yr yield opens today at just under 1.53% and up another +5 bps from this time yesterday, and a three month high. The price of gold will start today down -US$12 at US$1738/oz and back near its early August lows.And oil prices have softened slightly to now just under US$75/bbl in the US, while the international Brent price is even higher at just over US$78bbl. The Kiwi dollar opens today at just on 69.5 USc and a -½c drop since this time yesterday. Against the Australian dollar we are quite soft at just on 96.1 AUc. Against the euro we now just on 59.5 euro cents, lower by -50 bps. That means our TWI-5 starts today at 73.2 and down towards the middle of the 72-74 range of the past eleven months.The bitcoin price has slipped again today and down below NZ$60,000 for the first time in two months, down -4.0%, and is now at US$41,257. Volatility in the past 24 hours has been moderate at just over +/- 2.6%.You can find links to the articles mentioned today in our show notes.And get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

A review of the week's major US international tax-related news. In this edition: Bipartisan US Senate group proposes $1.2 trillion infrastructure package – G7 Finance Ministers express strong support for ongoing work on OECD BEPS 2.0 project – Biden Administration's proposed 15% minimum tax on book earnings could include public disclosure of book-tax differences – IRS announces deferral of applicability date of BEAT qualified derivative payment reporting – Treasury discusses information reporting proposals regarding virtual currencies.

A review of the week's major US international tax-related news. In this edition: US Treasury releases report on Biden Administration’s Made in America Tax Plan – US Senate Finance Committee Chairman releases framework for international taxation – US presents OECD BEPS 2.0 Pillar One proposal to steering group of Inclusive Framework on BEPS – UN Tax Subcommittee releases final draft of new digital taxation article for UN Model Treaty.

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US Treasury Secretary says no new taxes for now, commits to OECD BEPS discussions – New final regulations address application of Section 163(j) limitation to CFCs and partnerships, reserve on certain provisions – IRS allows remote signing / submission of authorization Forms 2848 and 8821 – IRS official says guidance on worldwide interest expense allocation a top priority, proposed FTC regs in 2021 – USTR finds DSTs adopted by six nations discriminatory; suspends DST-related punitive tariff actions on French goods – OECD IF political leaders promote global consensus following OECD public consultation on Pillar One / Two Blueprints – OECD Secretariat issues updated guidance on tax treaties re impact of COVID-19 pandemic.

A review of the week's major US international tax-related news. In this edition: New US Treasury Secretary commits to OECD BEPS 2.0 discussions – OECD releases guidance on COVID-19 related tax treaty issues.

A review of the week's major US international tax-related news. In this edition: President Biden inaugurated as US president; Treasury-designate Janet Yellen confirms tax increases to be delayed – US to re-engage in OECD BEPS 2.0 negotiations.

1 Aralık 2020 tarihinde gerçekleştirdiğimiz "Pandemi ve Vergicinin Yeni Gündemi" online etkinliğimizde, Global Vergi Danışmanlığı Bölümü, Şirket Ortağımız Başak Diclehan "OECD BEPS Kapsamında Transfer Fiyatlandırması" konusunu ele aldı.

A review of the week's major US international tax-related news. In this edition: Treasury sends final Section 163(j) interest expense limitation regulations to OMB for review – Treasury notes progress on new tax treaty with Croatia; resumption of US Senate approvals of bilateral tax treaties expected – IRS will continue to prioritize transfer pricing enforcement in examinations, even if adjustment negated by TCJA provisions – Treasury’s FINCEN further extends FBAR filing deadline – OECD BEPS 2.0 Pillar 1 and Pillar 2 comment period ends; BIAC calls for limited BEPS agreement by June 2021 – OECD publishes jurisdiction-specific information on implementation of hard-to-value intangibles approach.

A review of the week's major US international tax-related news. In this edition: US suspends involvement in OECD BEPS 2.0 Pillar 1 project – OECD issues questionnaire on coronavirus-related transfer pricing compliance concerns – OMB completes review of final Section 250 regulations; Section 163(j), other international projects under review – IRS LB&I provides details on TCJA compliance campaign.

A review of the week's major US international tax-related news. In this edition: IRS grants relief for real estate, farming businesses to withdraw or make late Section 163(j)(7) elections, based on CARES Act – LB&I outlines compliance activities either postponed or allowed through 15 July 2020 – OECD BEPS 2.0 IF Steering Group agrees to continue project on current timelines.

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with news China's woes are spreading and the impacts are deepening.But first, the issue of an internationally coordinated digital tax on the global tech giants is back in the limelight as the US tries to do an end-run around the OECD BEPS proposals.And the annual Warren Buffett letter to shareholders was out over the weekend, but this one contained no special revelations. It did report strong earnings but it didn't say who would take over from the 89 year old legendary investor. He also wants to see corporate CEO's supervised and reined in more effectively by boards of directors. [Advert]And here is a message from our friends at Hatch.With Hatch, anyone can invest in the US share markets.Through Hatch, Kiwi investors can easily invest in over 2900 of the world’s best-known companies like Apple, Microsoft, Berkshire Hathaway, and Amazon.With no minimum investment and fractional investing, investors can buy portions of companies they might not normally be able to afford and quickly build an exciting investment portfolio.Visit www.hatch.as/investing to learn more. The coronavirus now seems to be spreading out of China in a significant way, and not by just travelers from China. Italy, Iran*, Japan and South Korea all seem to have a growing problem. There are now 2000+ confirmed cases outside China and rising sharply. It now threatens to become a pandemic. Inside China a topping out seems to be in place even if deaths keep on rising. Globally, there are now almost 80,000 confirmed cases and almost 2500 deaths. A week ago those levels were 71,300 confirmed and 1773 deaths. The interconnected world of tourism and trade is the enabler of the rapid spread.Economically, supply-chain risk is the next big concern. And in China, the existential risks to the SME sector haven't gone away - if anything they are building despite emergency loan approvals.Car sales have ground to a virtual halt nationwide. Dealerships are closed and in the first week of February less than 1000 cars were sold nationwide. In 2019 this was a car market larger than the USA.And China's property market has also ground to a halt. It is a nervous time for public policy officials who continue to reassure that the downturn will be temporary and there will be a strong bounce-back when the crisis passes. It is that 'hope' that is keeping commodity prices from collapsing.However, steel production has restarted but stocks are building very quickly on weak demand and calls are being made to scale back or halt production.The giant United States economy is feeling the impacts too. In fact, the latest PMI data for the US reinforces these risks. Their factory PMI has stalled and their services PMI is now contracting in a sharp move lower. In this survey, new orders fell for the first time since this metric began in 2009.In fact, a Fed Governor has called on Congress to plan for a recession.Canadian retail sales were flat in December from November and up less than +2% in all of 2019. And Canada's economy is currently hostage to a major shutdown of a key rail network as indigenous political issues come to a head.And there is more data showing Japan is suffering from a sharp contraction.The Eurozone has bucked the negative trend however with its latest PMI's now at six month highs, and led by manufacturing.And inflation is rising in the EU, up +1.7% year-on-year in January, a little less for the Eurozone.Through all of this, the IMF has again trimmed its 2020 global growth forecast, now seeing +3.3% in 2020 and +3.4% in 2021. These forecasts still rely on a sharp recovery from the coronavirus impacts starting in Q2-2020. But markets aren't convinced.Equity markets turned lower at the end of last week with Wall Street's S&P500 down more than -1% on Friday (and a -1.3% loss for the week) and European markets lower by nearly as much as well.Bond market yields fell sharply at the end of last week. The UST 10yr yield is now just on 1.47% and lower by -11 bps for the week. Gold has also made another sharp risk-off move to US$1,643 and that has accumulated to a +$60 rise for the week, a remarkable +3.9% advance on top of last week's +1% rise.US oil prices are unchanged overnight at just under US$53.50/bbl. The Brent benchmark is also lower at just under US$58.50/bbl.The Kiwi dollar will start today at just under 63.5 USc and a -1c fall for the week. On the cross rates we have held 95.9 AUc. Against the euro we are also down -1c for the week at 58.5 euro cents. That means our TWI-5 is now at 69.6 and its lowest since November.Bitcoin is now at US$9,889 which is a +1.5% rise since we left it on Saturday.You can find links to the articles mentioned today in our show notes.Get more news affecting the economy in New Zealand from interest.co.nz and subscribe to receive this podcast in your favourite podcast app - we're on Apple Podcasts, Google Podcasts, Spotify or subscribe on our website.Tell your friends and leave us a review - we welcome feedback.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with news financial markets are lower today on fears for US growth underperformance, and Chinese growth from SARS II.But first up today, we had another dairy auction and prices rose for a second time in a row, up +1.7% in US dollar terms and +1.9% in New Zealand dollar terms. Among the key commodities offered, SMP was barely changed, up just +0.7%, but WMP gained a bit more, up +2.4% today. Volumes offered were unremarkable. This is an auction event widely watched, but is dominated by product from Fonterra. Although there are six sellers on the platform, Fonterra accounts for more than 95% of the product offered. Today's event won't be changing any farm payout forecast. And also note that we are well past the peak of the current season and volumes are now running at only 75% of their peak, and will fall steadily to 50% by the end of April, then die away quickly from there. This season will be locked and loaded soon.Following large falls in Asia yesterday, European equity markets were also lower overnight and Wall Street is back from its long weekend, lower as well. Yesterday's gloomy IMF growth forecasts, especially for the US, and worries about what the coronavirus outbreak in China, are weighing on sentiment. Markets remember the impact SARS had in China last time.The Wuhan virus outbreak is spreading with hundreds now infected. It has also been reported in South Korea, Thailand and now the Philippines. China's Spring Festival holiday travel could easily be a catalyst for rapid spread. These risks saw the Shanghai equity market fall -1.4% yesterday and Hong Kong fell -2.8%.In Taiwan, they reported GDP growth of an impressive +3.4% in Q4 2019, taking the overall 2019 rise to +2.7% and far better than most of its Asian rivals. [Advert]And here is a message from our friends at Hatch.Exchange-Traded Funds are a relatively easy and inexpensive way to diversify a portfolio without having to have the expertise required to pick individual shares. Hatch has more than 500 ETFs on hand, so investors looking to invest in their values and interests close to their hearts are spoiled for choice.Visit www.hatch.as/investing to learn more about how you can easily diversify your portfolio. In Europe, the ZEW sentiment survey has brought a surprisingly large positive rise, far above what analysts were expecting. This builds on a quite remarkable turnaround since September and is now its most positive in almost ten years. The phase one trade deal between the US and China is getting the credit. Sentiment may be improving sharply, but EU economic growth prospects are not expected to follow in such a dramatic way.France's plan to make mainly American tech giants pay a 3% revenue tax on their business operations in the country has been put back to the end of the year while the matter is under negotiation with the US. That may mean that France will not go it alone and come back in under the OECD BEPS proposals. The US has also agreed to hold back on any retaliation on French products.In Australia, BHP is saying that bush-fire smoke Is slowing production at its thermal coal mines. The poor air quality is making equipment harder to operate, and some workers have had to take leave to fight fires. The irony was not lost on many in Australia.The UST 10yr yield is much lower today after the US long weekend at just under 1.78% and down -5 bps. Gold is now at US$1,557/oz and up +US$4 from this time yesterday.US oil prices are unchanged at US$58.50/bbl while the Brent benchmark is lower at US$64.70/bbl.The Kiwi dollar is little-changed at just on 66.1 USc. On the cross rates we are firmer at 96.4 AUc. Against the euro we are unchanged at 59.6 euro cents. That puts our TWI-5 just under 71.4.Bitcoin is again little-changed from this time yesterday at US$8,623.You can find links to the articles mentioned today in our show notes.Get more news affecting the economy in New Zealand from interest.co.nz and subscribe to receive this podcast in your favourite podcast app - we're on Apple Podcasts, Google Podcasts, Spotify or subscribe on our website.Tell your friends and leave us a review - we welcome feedback.

In this edition: US releases USTR findings re France’s DST – US issues final and proposed BEAT regulations – IRS issues final and proposed FTC regulations – IRS issues final W/H and reporting regulations – IRS issues final Section 871(m) regulations on dividend equivalent payments, extends transition relief – IRS issues proposed regs on sourcing income from sales of certain personal property – IRS again  delays certain Section 987 FX regulations – Treasury grants another FBAR extension – Officials discuss OECD BEPS 2.0 Project – OECD hosts Pillar 2 GloBE public consultation – OECD releases additional CbC guidance – OECD releases BEPS Action 14 peer review reports.

A review of the week's major US international tax-related news. In this edition: IRS releases final BEAT regulations – IRS issues final and proposed FTC regulations – IRS Notice 2019-65 defers applicability date of final Section 987 regulations and related rules by one additional year – US has ‘serious concerns’ over OECD BEPS 2.0 Pillar 1 – USTR proposes punitive duties on French goods over France’s new DST.

Richard Murphy, a chartered accountant, political economist, and co-founder of the Tax Justice Network, joins PRI’s Vaishnavi Ravishankar to discuss the OECD’s BEPS project with a particular focus on Action 13 and Country-by-Country reporting. Together, they unpack the concept by discussing the merits as well as challenges associated with requirements.

A review of the week's major US international tax-related news. In this edition: IRS issues package of Subpart F regulations – US to share summaries of unilateral APAs with foreign governments, following OECD BEPS recommendations.

A review of the week's major US international tax-related news. In this edition: Congressional leaders, Obama Administration negotiating tax extenders deal -- House and Senate to hold hearings on OECD BEPS project -- Delayed applicability date for aspect of Section 871(m) dividend equivalent payment regulations – IRS upgrades FATCA Online Registration System.

A review of the week's major US international tax-related news. In this edition: Senate Finance Committee tax reform working groups set May deadline – Treasury officials offer US positions on OECD BEPS.

A review of the week's major US international tax-related news. In this edition: Congress poised to pass tax extenders legislation -- Incoming Senate Finance Committee Chairman releases tax reform report -- OECD BEPS update -- IRS updates FATCA Q&As on withholding certification forms -- SEC says more disclosure about foreign taxes may be necessary -- UK releases more details on diverted profits tax proposal; significance for US multinationals.

A review of the week's major US international tax-related news. In this edition: US government officials offer perspectives on OECD BEPS action items.

A review of the week's major US international tax-related news. In this edition: IRS issues Notice 2014-52 to counter corporate inversions -- Treasury considering expanding covered asset acquisition rules under Section 901(m); PFIC guidance coming -- EY Alerts / Webcasts on OECD BEPS deliverables available -- Congress adjourns for mid-term elections; lame duck session may bring tax technical corrections.

A review of the week's major US international tax-related news. In this edition: Congress mulls anti-inversion options -- IRS will apply forthcoming FTC regulations to certain entity classification elections following covered asset acquisitions -- OECD BEPS report on digital economy will not propose new tax regime.

A review of the week's major US international tax-related news. In this edition: House Ways and Means Committee hearing reviews tax extenders -- Official offers US perspective on OECD BEPS action items,

A review of the week's major US international tax-related news. In this edition: Ways and Means Committee Chairman releases comprehensive tax reform draft -- Senate Foreign Relations Committee holds treaty hearing -- President Obama to submit FY 2015 Budget Proposal on 4 March -- G20 expresses full support for OECD BEPS.

A review of the week's major US international tax-related news. In this edition: Future of US tax reform and tax extenders under a new Senate Finance Committee Chairman -- Prediction that US international tax reform will move forward in 2014 -- US signs FATCA IGAs with Canada, Hungary -- US debt limit reached 7 February -- EY to host webcast on OECD BEPS on 18 February.

A review of the week's major US international tax-related news. In this edition: Congressional tax leaders kick-off of nation-wide tax reform tour -- OECD BEPS report due out next week -- IRS PLR addresses subpart F manufacturing exception -- IRS adds Croatian entity to per se list of corporations

Debt talks could spur movement on US tax reform -- Senate subcommittee highlights US MNC's tax planning -- US Supreme Court rules UK windfall profits tax creditable under Section 901 -- US officials discuss OECD BEPS report -- IRS officials detail upcoming international tax guidance -- FACTA update -- OECD publishes report on Co-operative Compliance -- OECD publishes new “Draft Handbook on Transfer Pricing Risk Assessment” -- OECD issues final guidance on transfer pricing safe harbors.