Italy’s patent box regime should escape criticism because of alignment with OECD nexus ... Italy has introduced a patent box regime based on the OECD’s nexus approach, which will grant exemptions for profits derived from certain intangible assets for corporate and regional tax purposes. By Sophie Harding March 12 2015
HMRC’s 2013-14 transfer pricing statistics show increase in time taken to resolve TP cases HM Revenue & Customs (HMRC) recently released its transfer pricing statistics for 2013-14. While HMRC collected almost twice as much in additional taxes compared with 2012-13, the time taken to... By Sophie Harding March 11 2015
Total delivers on plans to promote tax transparency by publishing full list of subsidia... French oil company Total has delivered on its promise to publish a full list of its subsidiaries. The move shows Total is making significant efforts to promote transparency, but the... By Sophie Harding March 09 2015
Microsoft IRS transfer pricing case dismissed Microsoft and the Internal Revenue Service (IRS) have agreed to end their battle over documents used in transfer pricing audits of the tech company. By Sophie Harding March 04 2015
Indian finance minister keeps transfer pricing at “arm’s-length” in 2015-16 budget speech Taxpayers think the 2015 Indian budget, announced on Saturday, did not focus strongly enough on transfer pricing and have described it as “disappointing”. By Sophie Harding March 04 2015
Indonesia wages war on corporate tax avoidance through transfer pricing The director-general of taxes in Indonesia has confirmed government plans to clampdown on corporate tax avoidance facilitated by transfer pricing. By Sophie Harding March 03 2015
Timing of Canada Revenue Agency’s TPM-16 on multiple year data “odd” in light of pendin... The Canada Revenue Agency (CRA) has released transfer pricing memorandum 16 (TPM-16), which formalises guidance on multiple year data. While the guidance is far from ground-breaking, the timing of its... By Sophie Harding March 03 2015
Transfer pricing steals the show in South African finance minister’s 2015-2016 budget s... South African finance minister, Nhlanhla Nene, has stressed the importance of regulating transfer pricing to tackle profit shifting in the country in his 2015/2016 budget speech. By Sophie Harding February 26 2015
Canada Revenue Agency ignores the OECD’s simplified proposals for intra-group services ... The Canada Revenue Agency (CRA) has released transfer pricing memorandum TPM-15 on intra-group services which overlooks the OECD’s proposals for a more simplified approach. By Sophie Harding February 26 2015
US Multistate Tax Commission proposes TP regime to tackle interstate income shifting The US Multistate Tax Commission’s (MTC) Arm’s Length Adjustment Services (ALAS) programme is a response to interstate income shifting. The MTC hopes to provide state governments with a comprehensive programme... By Sophie Harding February 25 2015
