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OECD says transfer pricing guidelines should be applied to permanent establishments

The OECD's transfer pricing guidelines for application to separate but associated enterprises should apply in the attribution of profits to permanent establishments (PEs), said a report by the organisation

July 22 2008
Australia and New Zealand edge closer to mutual recognition of credits

Australia and New Zealand's finance ministers expect negotiations on a new tax treaty between the two countries to conclude successfully by the end of this year

July 22 2008
Senate committee goes after tax evaders

US senators attacked companies' use of offshore banks at a Senate committee hearing on tax evasion on July 17

July 22 2008
Australian company hit with $21 million excise fine

The New South Wales Supreme Court in Australia ordered Camile Trading, a petroleum wholesaler, and the estate of Leslie Ronald Fletcher, its principal, who died last year, to pay a A$21 million ($20.4 million), fine after it was found the company had illegally blended petroleum products such as petrol, diesel, heating oil and ethanol to obtain a price advantage.

July 22 2008
Becker & Poliakoff partner to run Bahamas office

Ryan Pinder, a partner in the firm's corporate and tax law group, is to be the head of Becker & Poliakoff's new office in the Bahamas.

July 21 2008
UK government to rethink foreign profits plans

The UK government has put off plans to change the taxation of foreign profits regime

July 21 2008
New legislation on tax havens has implications for transfer pricing

Gustavo Haddad and Bruno Carramaschi,of Lefosse Advogados in cooperation with Linklaters, explain what Brazil’s authorities have done to update rules on dealing with tax havens

July 16 2008
Duff & Phelps joins WTS Alliance

Two firms that provide transaction tax support for transfer pricing are forming a global alliance

July 16 2008
Making Kazakhstan’s transfer pricing policy compatible with WTO accession

Courtney Fowler of PricewaterhouseCoopers says Kazakhstan needs to change its policy, for example, regarding international agreements and international disclosure, if it is to make it into the WTO

July 16 2008
Commission v Italy

Failure of a member state to fulfil obligations – Article 10 EC – Sixth VAT Directive – Obligations under domestic rules – Control of taxable transactions – Amnesty.

July 16 2008

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