A.E. Feldman Blog

Demand for international tax expertise is rising at accounting firms as proposed legislation on Capitol Hill is targeting offshore tax havens, according to the Denver Business Journal. The Foreign Account Tax Compliance Act of 2009, companion bills introduced on October 27th, would amend the Internal Revenue Code of 1986 to prevent the avoidance of tax [...]

Companies should be encouraging executives to adjust their managerial style and look beyond the economic crisis to position their companies for future growth, according to McKinsey. This may be why the role of Chief Financial Officers is now more vital, visible and respected than ever before. Today companies are gearing up for post recession growth, [...]

The role of Chief Financial Officers is changing with the times. In addition to fulfilling the traditional role of financial tactician, CFOs have evolved into business advisors, according to a panel of Chief Executives hosted by The Financial Management Association of New Hampshire (FMA of NH) reports Reuters. Today, the responsibilities of the CFO extend [...]

Although transfer pricing (TP) has emerged as an effective way for multinational enterprises (MNEs) to manage international tax liabilities, tax authorities around the world are taking a harder line on the issue. Audits are more sophisticated and penalties are rising. That’s among the conclusions of a recent Ernst & Young study. The research shows that [...]

The economic slowdown has triggered heightened transfer pricing enforcement around the world and greater compliance demands. Long a focus of the IRS, transfer pricing is now garnering more attention and is the subject of increased scrutiny in even previously tax-friendly countries, like China and India, reports CFO.com. As a result, U.S.-based multinational corporations are facing [...]

Although the economic slowdown has taken a toll on a number of industries, accounting firms are weathering the storm remarkably well. The AICPA’s 2009 PCPS CPA Firm Top Issues Survey finds that not only are CPA firms thriving, more than half predict growth in the coming months. One of the ways firms are positioning themselves [...]

The world of tax is changing. Now more than ever, effective global tax strategies are essential for high net worth individuals (HNWIs) as well as multinational corporations. A recent study released by the Society of Trust and Estate Planners (STEP) finds that tax competition between all countries is heating up. Meanwhile, industry experts say it [...]

House Foreign Affairs Chairman, Howard Berman, has bashed China’s IP regime, stating, “It’s time for more serious action,” according to National Journal.com. The report states that Berman and others recently met with the National People’s Congress Standing Committee Chairman Wu Bangguo, Vice Premier Wang Qishan, NPC Foreign Affairs Chairman Li Zhaoxing, Foreign Affairs Minister Yang [...]

Multinational corporations have found that revenue agents around the world are scrutinizing intercompany transactions. The Canadian Revenue Agency (CRA) and the IRS, in particular, have increased their emphasis on transfer pricing audits. Experts also say there is mounting evidence that Canada’s relationships with revenue authorities of other countries, including the U.S., are currently strained due [...]

American corporations are losing billions to China from the theft of intellectual property (IP). In a Forbes commentary, James Bacchus, Chair of the Global Trade and Investment Practice Group of the international law firm Greenberg Traurig LLP, and counsel to the China Copyright Alliance, argues that due to its size and reluctance to enforce its [...]