MNEs stand to gain greater tax certainty from joint audits

September 22, 2021

Tax officials may be less likely to take

Multinational enterprises (MNEs) should embrace being audited by different revenue authorities at the same time, said tax professionals at an ITR conference. Panellists also discussed the reputational and financial benefits of tax transparency.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login

Tags

Poland Portugal Philippines Qatar United States Israel Italy Ghana Isle of Man Jersey Jordan Oman Jamaica Japan Paraguay Peru Pakistan Kazakhstan Panama Slovenia Armenia South Africa Singapore Antigua and Barbuda Slovak Republic Argentina Global Australia Romania Albania Russia Nicaragua Angola Serbia Algeria San Marino Saudi Arabia Andorra Monaco Mauritius Mexico Morocco Mongolia Montenegro Macedonia Gibraltar Greece Georgia Germany Guernsey Malta Gulf Cooperation Council Greenland Malaysia Guatemala Nigeria News Netherlands Antilles New Zealand Norway OECD Honduras Hong Kong SAR India Indonesia Hungary Iceland Myanmar Ireland Netherlands Iran Mozambique Iraq Cuba Curaçao Central America Rwanda Chile Chad Indirect Tax G20 Costa Rica Croatia China Colombia Compliance Management Latvia France Kuwait Laos Lithuania Luxembourg Lebanon Liechtenstein Denmark Ecuador Cyprus Czech Republic Kenya European Union Finland Kosovo Egypt Estonia Tunisia Belize Tanzania Barbados Thailand Belgium United States Outbound United Nations Puerto Rico Austria Spain Sri Lanka Azerbaijan South Korea Switzerland Bahrain Bangladesh Taiwan Sweden Bahamas Venezuela Canada Vietnam Cayman Islands United States Inbound Bolivia Uganda Bosnia and Herzegovina Turkey United Arab Emirates Bermuda Bulgaria Cambodia Uruguay United Kingdom Brazil Ukraine British Virgin Islands ITR Magazine Autumn 2021

Alice Jones

Commercial Editor ITR

Alice is an editor of commercial content across Euromoney brands including International Tax Review (ITR), Managing IP (MIP), and International Financial Law Review (IFLR). She joined the commercial team in March 2022 after working as a journalist for ITR.

more across site & bottom lb ros

More from across our site

Analysis: US debt deal could hold back Democratic tax ambitions

US lawmakers averted a default on debt by approving the Fiscal Responsibility Act, but this deal may consolidate the Biden tax reforms rather than undermine them.

Josh White, June 05, 2023

MELBOURNE, AUSTRALIA - JULY 30, 2018: PwC headquarters building

PwC Australia identifies all 67 staff involved in tax scandal

In a letter to the Australian Senate, the firm has provided the names of all 67 staff who received confidential emails but has not released them publicly.

Euan Healy, June 05, 2023

EC windfall tax - electricity - 2.jpg

Upper Tribunal hears Ørsted’s windfarm capital allowances appeal

David Pickstone and Anastasia Nourescu of Stewarts review the facts and implications of Ørsted’s appeal at the Upper Tribunal.

David Pickstone, June 02, 2023

Internal Revenue Serice Sign

This week in tax: IRS set to lose $21bn in funding

The Internal Revenue Service will lose the funding as part of the US debt limit deal, while Amazon UK reaps the benefits of the 130% ‘super-deduction’.

Josh White, June 02, 2023

Gavel of judge with coins against European Union flag

Opinion: EU tax disputes make the case for reform

The European Commission wanted to make an example of US companies like Apple, but its crusade against ‘sweetheart’ tax rulings may be derailed at the CJEU.

Josh White, June 01, 2023

oecd tp training 2000.jpg

OECD transfer pricing training in West Africa coming to an end

The OECD has announced that a TP training programme is about to conclude in West Africa, a region that has been plagued by mispricing activities for a number of years.

Euan Healy, June 01, 2023

Progress on EU public CbCR is a significant move forward on tax transparency

Transparency principles for international tax reform

Richard Murphy and Andrew Baker make the case for tax transparency as a public good and how key principles should lead to a better tax system.

Richard Murphy, May 31, 2023

Nine partners suspended in PwC tax scandal latest

‘Go on leave, effective immediately’, PwC has told nine partners in the latest development in the firm’s ongoing tax scandal.

Euan Healy, May 30, 2023

Conference Schaffner 2000.png

ITR Indirect Tax Forum 2023: Govts turning companies into ‘free’ VAT auditors

The forum heard that VAT professionals are struggling under new pressures to validate transactions and catch fraud, responsibilities that they say should lie with governments.

Euan Healy, May 26, 2023

AdobeStock_494001486_Editorial_Use_Only (1).jpg

OECD paper raises potential carbon tax improvements

The working paper suggested a new framework for boosting effective carbon rates and reducing the inconsistency of climate policy.

Euan Healy, May 26, 2023