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  • Canada budget repeals controversial structuring move
    The Canadian government has been forced into an embarrassing climb-down over a tax-efficient measure before it became effective.
    February 03 2009
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    Australia and Isle of Man agree on dispute resolution in transfer pricing
    Australia and the Isle of Man have signed up to a mutual agreement procedure in transfer pricing disputes
    February 03 2009
  • Madrian joins Ceteris in Silicon Valley
    Global economic consulting firm Ceteris has expanded its practice into the Silicon Valley area and hired Mark Madrian as a managing director to lead the Pacific Northwest region
    February 03 2009
  • Australia and Isle of Man agree to exchange information
    Australia no longer considers the Isle of Man to be a tax haven after the signing of agreements between the two jurisdictions in London on January 30.
    February 03 2009
  • Merger creates new Italian law firm
    Twenty partners will make up the tax practice of a new Italian law firm following the merger of Camozzi & Bonissoni Varrenti & Associati and Studio Associato LCA.
    February 03 2009
  • EU targets banking secrecy rules in fight against tax evasion
    EU member states will no longer be allowed to invoke banking secrecy rules during tax evasion enquiries under new proposals from the European Commission.
    February 03 2009
  • Tax professionals try to be positive about OECD and business restructuring
    Imagine there are 30 adults from all around the world gathered in one room trying to come up with a common way forward on a contentious topic. Each person has his own agenda, a personal interest to protect and wants to get his own way. Now imagine it's your job to draw all these different ideas together and come up with a consensus. That is exactly the gruelling task the OECD has undertaken with its consultation on the transfer pricing aspects of business restructuring.
    February 02 2009
  • Indian government gives the go ahead for Albania treaty
    The Indian government announced on January 29 that it plans to enter into a double tax avoidance treaty with Albania. The treaty will aim to promote economic cooperation between the two countries and stimulate the flow of capital between India and Albania. It will come into force after completion of internal procedures required by the respective laws of both countries.
    February 02 2009
  • The consequences of not applying transfer pricing methods
    On December 31 of each year, Brazilian legal entities must calculate transfer pricing adjustments in order to determine the taxable bases of the corporate income tax (IRPJ) and the social contribution on net profit (CSLL).
    February 02 2009
  • Korea introduces contemporaneous documentation requirements and penalty rules
    The new transfer pricing documentation-related penalty rules in the law for the coordination of international tax affairs (LCITA) are effective from December 26 2008. Under the new rules, a Korean taxpayer with related-party transactions is required to prepare and maintain contemporaneous documentation to avoid the 10% penalty on underreported tax.
    February 02 2009
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