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  • China transfer pricing regulations released - English translation
    China’s State Administration of Taxation (SAT) released Circular Guoshuifa [2009] number 2 on January 8 2009 which finalised the implementation measures of special tax adjustments, a set of greatly anticipated new regulations on transfer pricing, to be effective starting this past year (FY2008).
    January 12 2009
  • UK proposes tax legislation to encourage North Sea investment
    The UK tax administration issued draft legislation on January 6 in a bid to encourage investment in the North Sea.
    January 09 2009
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    Korea’s Ministry of Strategy and Finance plans to raise the bar
    On January 5 2009, the Ministry of Strategy and Finance announced it would revise the enforcement decree of the law for the coordination of international tax affairs concerning transfer pricing disclosure requirements
    January 09 2009
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    Delhi High Court sets aside transfer pricing order
    An important decision by the High Court orders transfer pricing offices to conduct new assessments for several taxpayers.
    January 09 2009
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    Indian court rules against Coca-Cola
    An Indian court has ruled that Coca-Cola India failed to apply transfer pricing rules following an agreement to offer advisory services to a related party.
    January 07 2009
  • Deloitte Luxembourg hires Rasch to lead new transfer pricing practice
    Deloitte in Luxembourg has launched a new transfer pricing practice led by new hire Marc Rasch and partner Erwan Loquet
    January 07 2009
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    Goldman Sachs under review
    Goldman Sachs’ use of transfer pricing techniques among other issues, has led to investigations in numerous jurisdictions.
    January 07 2009
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    IRS produces cost sharing and contract manufacturing rules
    The Internal Revenue Service has issued the much anticipated regulations on cost-sharing and contract manufacturing arrangements for multinational companies.
    January 07 2009
  • Kazakhstan implements new tax code
    Kazakhstan has slashed its corporate income tax rate by 10 percentage points to 20% as part of a new tax code, which took effect on January 1.
    January 06 2009
  • Thompson Hine promotes one
    US law firm Thompson Hine has elected Gregory Gawlik as a partner in the tax practice of the firm's Cleveland office. Gawlik focuses his practice on federal and state tax controversies. He has represented clients in IRS audits and administrative appeals, and has experience obtaining rulings from the IRS National Office. Gawlik also advises clients on corporate mergers and acquisitions and partnership tax issues.
    January 06 2009
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