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  • President Obama’s tax reform proposals for the US include transfer pricing provisions which promise to reduce the nation’s deficit by $24 billion over 10 years.
  • Boston Scientific, a US medical technology company, has filed a petition to the US Tax Court in a fight against a $581 million transfer pricing adjustment from the IRS.
  • The jobs of both Caroline Silberztein, the OECD's head of the transfer pricing unit in the tax treaty, transfer pricing and financial transactions division, and Mary Bennett, the head of the division itself, were advertised by the OECD in May.
  • After years of delay, the Russian parliament has finally passed the new transfer pricing rules, though there have been significant amendments.
  • The Australian Tax Office (ATO) has lost its appeal against the taxpayer, SNF, at the Full Federal Court in a transfer pricing case concerning comparables and method application.
  • Tax invoice is one of the most important documents that must be issued by any enterprise that is required by law to collect VAT when they sell VAT-taxable goods or services.
  • In a case brought by the European Commission (EC) (C-284/09 Commission v Germany, judgment of October 20 2011), the European Court of Justice (ECJ) held that Germany’s withholding tax on dividends to other corporations is in breach of community law in that it discourages persons from abroad from investing in Germany.
  • Greg Sinfield, a partner of Hogan Lovells in London, has been appointed a judge of the Tax and Chancery Chamber of the Upper Tribunal, with effect from February 1 2012. The tribunal is the first appeal stage in judicial tax litigation in the UK.
  • The new head of Baker & McKenzie's US Focus Group in Amsterdam has a background in transfer pricing and supply chain projects.
  • Baker & McKenzie will start 2012 with a new head of its US Focus Group in Amsterdam when Eric Westerburgen, who specialises in developing and implementing tax-driven international corporate and business restructurings, as well as transfer pricing and supply chain projects, joins the firm on January 1 from Ernst & Young. His clients are mainly for US-based multinationals with strong operational presence in the Netherlands and the rest of Europe.