The CJEU said the General Court erred in law when it ruled that both companies benefitted from Italian state aid.
An OECD report reveals multinationals have continued to shift profits to low-tax jurisdictions, reinforcing the case for strong multilateral action in response.
The UK government announced plans to increase taxes on oil and gas profits, while the Irish government considers its next move on tax reform.
War and COVID have highlighted companies’ unpreparedness to deal with sudden geo-political changes, say TP specialists.
Sponsored
-
Sponsored by ARKKWith transfer pricing complexities set to increase in 2023, Rahila Zahin of ARKK explains how automating processes can help. -
Sponsored by Deloitte NorwayTerje Bogaard of Deloitte Norway explains a ruling by the Norwegian Tax Appeal Board on the taxable gain when selling a partnership interest and the options to resolve the double taxation issue created.
-
Sponsored by PwC BelgiumAs the adoption of the CBAM moves ever closer, Giovanni Gijsels, Alexis De Méyère, and Melodie Geurts of PwC Belgium consider the impact of the mechanism on importers and how they should prepare.
-
A source who has seen the draft law said it brings clarity on intangibles and other areas of TP including tax planning.
-
Tax consultants say companies must not ignore financial transactions in their TP policies as authorities, particularly in the UK, become more demanding.
-
The ruling should reassure multinationals but won’t be the final word on state aid, say tax experts.
-
The midterm election results could spell gridlock on tax policy for the next two years, while the Dutch tax authorities are cooperating with Italy’s VAT investigation into Booking.com.
-
The report’s author, from the Danish Ministry of Finance, tells ITR - in his personal capacity - that more robust policies are needed to tackle what is a serious global problem.
-
The biggest hike in 33 years has prompted multinationals to review the TP risks associated with financial market instability
-
Robust key performance indicators are essential to business success and to helping companies justify transfer pricing transactions, say three in-house experts.
-
The Commission and EU General Court had said a Luxembourg ruling on Fiat's TP breached state aid laws
-
ITR speaks to the Finnish tax authority and three companies about the new proof of concept, which is getting rave reviews
