Why companies are at risk if their board is not involved in TP If your company’s board-level executives are not concerned about your transfer pricing operations your company could be at risk during audit. By Sophie Harding April 16 2015
BHP Billiton and Rio Tinto come under fire over alleged profit shifting through marketi... Allegations that BHP Billiton and Rio Tinto shifted billions of dollars in iron ore profits through marketing hubs in Singapore has added fuel to the raging debate in Australia over... By Sophie Harding April 14 2015
US APA 2014 statistics show loss of productivity Advance pricing agreements (APAs) statistics for 2014 in the US indicate the Internal Revenue Service’s (IRS) productivity has decreased by 30% from 2013. By Sophie Harding April 13 2015
How the UN is working for developing countries in BEPS The UN’s role in transfer pricing policy seems to have quietened since the release of its practical manual on transfer pricing for developing countries in 2013. By Sophie Harding April 07 2015
India’s I-T Department extends roll-back application deadline for TP agreements India’s Income-Tax (I-T) Department announced the deadline for filing roll-back applications for transfer pricing agreements will be extended. This is welcome news for tax professionals who criticised the government’s aggressive... By Sophie Harding April 02 2015
China’s SAT issues regulations on outbound service payments as part of crackdown on tax... China’s State Administration of Taxation (SAT) recently issued a notice regarding payments involving related offshore parties. China has openly declared its plans to crackdown on tax evasion, so the issuing... By Sophie Harding March 26 2015
Rio Tinto fears OECD’s BEPS project will discriminate against multinationals and harm i... Rio Tinto’s “taxes paid” report for 2014 revealed the company paid $ 7.1 billion worth of taxes and royalties globally. The report also voiced Rio Tinto’s concerns over the OECD’s... By Sophie Harding March 24 2015
SKAT’s aggressive approach to transfer pricing leaves taxpayers fearing an anti-busines... Danish tax authority, SKAT, collected DKK 20 billion ($2.9 billion) in tax adjustments in 2014 by challenging 76 companies’ transfer pricing arrangements. By Sophie Harding March 18 2015
Tax demand against Cairn contradicts India’s 2015 Budget aim to create investor-friendl... The Income-Tax Department (I-T Department) has issued Cairn Energy (Cairn) with a Rs. 10,247 ($1.6 billion) tax demand over its transfer of assets to Cairn India. By Sophie Harding March 17 2015
Release of APA roll-back provisions in India welcome news for taxpayers India’s long-awaited advance pricing agreement (APA) roll-back provisions have been released. This will come as welcome news to taxpayers who criticised the government’s 2015 Budget for overlooking important transfer pricing... By Sophie Harding March 17 2015
