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  • Countries face sanctions over information exchange
    When they meet in Seoul in South Korea this month, finance ministers of the G20 nations are set to confirm that they will impose economic sanctions on developing nations that have failed to comply with the OECD's initiative on information sharing agreements.
    February 18 2010
  • Pay-go requirements will complicate future tax legislation
    President Obama has signed into law new budget rules requiring the US Congress to offset the costs of tax cuts or increases in entitlement spending with higher taxes or reduced spending elsewhere in the budget.
    February 18 2010
  • Ballentine Barbera recruits three new faces
    The Ballentine Barbera Group, a Charles River Associates company that specialises in transfer pricing, has added three new consultants
    February 18 2010
  • Container Corporation v Commissioner of Internal Revenue
    Guaranty fees are sourced to the guarantor’s location for tax purposes. The United States Tax Court held that Container Corp, a US subsidiary, didn’t have to withhold US tax from the fees paid to its Mexican parent company, Vitro, for guaranteeing its debt.
    February 17 2010
  • Inside the Nigerian Federal Inland Revenue Service
    AJ Bamidele of the Nigerian Federal Inland Revenue Service explains to TPWeek how Nigeria administers its transfer pricing regime.
    February 17 2010
  • Australia unveils tax agent legislation
    Australia will introduce new tax agent services legislation on March 1 which includes information about safe harbour rules.
    February 17 2010
  • Phoenix reports large profits after settling dispute in Taiwan
    Phoenix Technologies has seen a bigger than expected revenue increase in the first three months of its financial year after settling a dispute with the Taiwan National Tax Administration (TNTA).
    February 17 2010
  • Masterfile ensures consistency but doubts linger
    Professionals harbour fears over inconsistent implementation across Europe and some go so far as to question whether the system change was necessary.
    February 17 2010
  • India rules on payments to non-residents
    An Indian tax tribunal has ruled that an arm’s-length payment by a non-resident to its India permanent establishment absolves the non-resident from any additional tax liability.
    February 17 2010
  • ICAI to subsidise transfer pricing software for members
    The Institute of Chartered Accountants of India (ICAI) is planning to help its members, especially smaller auditing firms, get information on international transfer pricing methods and systems, so they can take on larger audit assignments for companies that have overseas businesses.
    February 17 2010
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