Michael Danilack, Deputy Commissioner of the Large Business and International Division (LB&I) at the Internal Revenue Service (IRS), announced yesterday during Tax Council Policy Institute’s (TCPI) conference in Washington DC that a new transfer pricing director will be appointed to LB&I within days.
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Despite the relief, Brazil’s government has also presented a bill which seeks to re-impose a tax burden on companies’ payroll, one local tax specialist told ITR
While successful pillar two implementation will require collaboration across all units, a combination of internal and external tax advice is at the centre of the effort