In a new ruling, the Australian Tax Office (ATO) has set out how it expects business structuring for multinational enterprises to be documented for transfer pricing purposes.
Ireland has temporarily lowered its VAT rate for a number of businesses including hotels and restaurants from 13.5% to 9% in a bid to boost its tourist industry.
Controversy emerged at a UK parliamentary hearing last week when one witness raised questions over the timing of the settlement of a tax dispute between Vodafone and HM Revenue & Customs (HMRC).
Media reports highlighting that the UK tax authority is involved in tax disputes worth £25 billion are misleading, and the figure is actually surprisingly low.
Transocean, the world’s largest offshore drilling company, has been hit with accusations that it dodged tax on NKr10 billion ($1.8 billion) of revenue.
Transocean, the world’s largest offshore drilling company, has been hit with accusations that it dodged tax on NKr10 billion ($1.8 billion) of revenue.
