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The One Big Beautiful Bill Act (OBBBA) and the Future of U.S. International Taxation: Strategic Insights for Multinational Enterprises

  The One Big Beautiful Bill Act (OBBBA) represents one of the most significant recalibrations of U.S. international taxation in recent years. While the legislation’s domestic provisions have drawn much attention, its international tax changes—spanning from retaliatory measures to structural reforms—carry profound implications for multinational enterprises (MNEs). For corporate tax leaders, understanding OBBBA’s four key...

Navigating Tax and Compliance in Guyana: A CFO’s Guide for SMEs

Why Tax and Compliance Matter More Than Ever Guyana’s economy is expanding rapidly, opening opportunities for SMEs to grow. But with growth comes complexity—especially when it comes to tax compliance and regulatory obligations. Non-compliance in Guyana can lead to hefty fines, interest charges, and even operational disruptions, which are devastating for small businesses. Unfortunately, many...

Navigating Global Tax Reforms: Pillar Two Model Rules and IFRS

How IFRS Responds to the OECD’s Global Minimum Tax Initiative — Insights for Large Entities and SMEs The global tax landscape is undergoing a seismic shift. With the OECD’s Pillar Two Model Rules aiming to establish a 15% global minimum tax rate for large multinational entities, accounting and financial reporting standards have been forced to...

Tax Advisory Without Borders: Navigating Compliance in a Digital Economy

The world of taxation is rapidly evolving. Businesses operating across multiple jurisdictions must navigate complex tax regulations, digital economy tax rules, and cross-border compliance challenges. For companies in the Caribbean and USA, this complexity is compounded by regional variations, international reporting requirements, and the growing impact of digital transactions. Dawgen Global simplifies this complexity through...

Future-Proofing Caribbean Businesses: 5 Strategic Tax Moves for Growth in 2025

As Caribbean businesses navigate the complexities of a rapidly evolving economic landscape, tax optimization remains a critical lever for growth and sustainability. In 2025, new regulations, digital transformation, and global economic shifts are reshaping how businesses approach tax planning. For Caribbean enterprises, from SMEs to multinationals, staying ahead requires strategic foresight and regional expertise. Dawgen...

Regulatory Risk is Real: How SME 775 Helps You Stay Compliant and Protected

Running a small or medium-sized business in Jamaica isn’t just about delivering great products or services—it’s also about navigating a maze of regulations, tax rules, and statutory obligations. And while growth is exciting, regulatory missteps can derail even the most promising SME. Many entrepreneurs underestimate the risk of non-compliance, assuming that as long as business...

Investment Contracts with Discretionary Participation Features — Accounting Meets Tax

Under IFRS 17, certain investment contracts—those with Discretionary Participation Features (DPF)—fall within the standard’s scope, even though they may not transfer significant insurance risk. These contracts blur the line between investment management and insurance, and their treatment carries both accounting complexity and important tax implications. In its Technical Advisory, Tax Administration Jamaica (TAJ) has acknowledged...

OCI and Taxation — The Unseen Impacts of Insurance Finance Income Presentation Choices

One of the lesser-discussed, yet highly impactful features of IFRS 17 is the option for insurers to present insurance finance income or expense either in the profit or loss (P&L) statement or in Other Comprehensive Income (OCI). While this may seem like an accounting classification choice, it carries significant tax implications in Jamaica. The TAJ...

Onerous Contracts and Tax Adjustments — What the TAJ Will (and Won’t) Recognize

One of the most transformative features of IFRS 17 is its treatment of onerous contracts—insurance contracts that are expected to generate a net loss over their coverage period. While IFRS 17 mandates immediate recognition of losses from onerous contracts, the Tax Administration Jamaica (TAJ) has issued firm guidance stating that not all of these losses...

The Fair Value and Modified Retrospective Approaches — Choosing the Right Path to Transition

The adoption of IFRS 17 Insurance Contracts represents a transformational shift in how insurance companies measure and present their financial results. A critical challenge lies in how to transition from IFRS 4 to IFRS 17, particularly for existing insurance contracts. IFRS 17 offers three transition approaches: the Full Retrospective Approach, the Modified Retrospective Approach (MRA),...

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Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services

Where to find us?
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Taking seamless key performance indicators offline to maximise the long tail.
https://www.dawgen.global/wp-content/uploads/2023/07/Foo-WLogo.png

Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services

Where to find us?
https://www.dawgen.global/wp-content/uploads/2019/04/img-footer-map.png
Dawgen Social links
Taking seamless key performance indicators offline to maximise the long tail.

© 2023 Copyright Dawgen Global. All rights reserved.

© 2024 Copyright Dawgen Global. All rights reserved.