As the economic situation in Europe remains uncertain, taxpayers are facing increasing numbers of audits from revenue-hungry authorities. Coupled with a potential break-up of the currency, it is important that taxpayers make certain provisions in their transfer pricing departments. Two tax executives, including the European head of tax for Siemens, the German multinational, discuss how they approach adjustments and how they view the euro’s future in terms of transfer pricing.
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The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process