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  • More countries comply with EU documentation rules
    Slovakia and Spain have both introduced amendments to bring their legislation into line with the EU transfer pricing forum’s approach to documentation.
    November 26 2008
  • safeharbourchart.gif
    New Taiwanese safe harbour ruling and its implications
    On November 6 2008, the Taiwan Ministry of Finance released the final ruling to the modifications of the safe harbour ruling (ruling number 09704555160). The finalised ruling modifies the conditions which must be met for profit seeking enterprises to prepare transfer pricing contemporaneous documentation
    November 26 2008
  • HMRC aims to slash transfer pricing cases
    Diane Hay, chairwoman of Her Majesty’s Revenue & Customs’ transfer pricing board at HMRC would like to halve the amount of transfer pricing cases that HMRC takes up, concentrating resources on higher risk cases
    November 26 2008
  • Authorities aim to stop multinationals pushing losses into Australia
    Transfer pricing has long been an area of focus for the Australian Taxation Office. The ATO recently issued a taxpayer alert advising taxpayers that shifting of business losses into Australia will be under increased scrutiny
    November 26 2008
  • Opinions differ on Russian tax cut
    The proposal by Russian prime minister Vladimir Putin to cut the corporate profit tax rate by four percentage points has received mixed reviews by the country's tax professionals.
    November 25 2008
  • Time to reform UK tax authorities, says expert
    The way UK corporation tax is collected and managed is in need of reform amid a widening national tax gap estimated at £25 billion ($37 billion), says a report.
    November 25 2008
  • Obama names top Treasury figures
    President-elect Barack Obama has ended speculation over who will lead the US through a large economic stimulus package by announcing the key people in his economic team.
    November 25 2008
  • UK chancellor cuts VAT rate to 15%
    The UK chancellor has cut the value-added tax (VAT) rate by 2.5 percentage points to 15% in an effort to promote business growth and stimulate the economy.
    November 25 2008
  • Former IRS director joins Hartford Financial Services
    The Hartford Financial Services Group has appointed Michael Chesman as senior vice president, associate general counsel and director of tax law.
    November 25 2008
  • Withholding tax exemption boosts Irish structured finance industry
    The Irish government has extended the exemption from withholding tax for qualifying securitisation companies to any resident of an EU member state or a country that has signed a double tax treaty with Ireland.
    November 25 2008
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