On October 25 2010, Governor Luis Fortuño of Puerto Rico approved a tax hike that experts say will not only adversely affect the sluggish job market in the US commonwealth, but will also cause foreign investors to reevaluate the value of investing in Puerto Rico.
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Hany Elnaggar examines how Gulf Cooperation Council countries are internalising transfer pricing norms within evolving fiscal systems shaped by both Islamic and international influences
Where a TP study of comparables produces an arm’s-length range, and the taxpayer’s filed position is outside that range, HMRC will adjust to the median by default
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