EU regimes are tightening up on their transfer pricing rules and regulations. The following provides a practical guide to some of the most recent changes. By Eduard Sporken, KPMG Global Transfer Pricing Services, Amstelveen; Alexander Vögele and William Bader, KPMG Frankfurt; Pascal Luquet and Sébastien Laisney, KPMG, Fidal Paris et International, Paris; and Elizabeth Musgrave, KPMG, Manchester
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
Updated rules represent a significant shift in the Luxembourg TP landscape and emphasise the need for robust arm’s-length calculations, says Vanessa Ramos Ferrin of TransFair Pricing Solutions
Wopke Hoekstra also swore the EU would ‘hit back harder’ if faced with a trade war; in other news, a UK watchdog has launched an investigation into an audit completed by MHA
A recent UK First-tier Tribunal decision highlights the broad application of an anti-avoidance rule to deny tax relief, say Robert Waterson and Matthew Cummings of Eversheds Sutherland