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Apple challenges European Commission’s arm’s-length test

Apple has divulged its grounds for appealing against the European Commission’s (EC’s) controversial €13 billion ($14 billion) state aid tax demand, releasing a document detailing 14 pleas of law against the decision.

Amelia Schwanke, February 24 2017

New TP partner joins PwC Luxembourg

PwC Luxembourg has appointed Christophe Hillion as a new partner in its transfer pricing unit. Hillion joins from PwC’s New York office, where he led the financial transaction transfer pricing practice. He also focused on transfer pricing-related issues for the banking and insurance industries

Lena Angvik, February 23 2017

Apple challenges EC’s use of arm’s length in state aid case

Apple released its grounds for appealing the €13 billion ($14 billion) tax bill from the European Commission earlier this week, arguing that the Commission’s arm’s-length test did not comply with EU laws for determining state aid in tax assessments.

Lena Angvik, February 23 2017

South Africa budget almost avoids tax hikes for businesses to plug deficit

Businesses were left almost unscathed in Finance Minister Pravin Gordhan’s 2017-18 budget that announced ZAR 28 billion ($2.16 billion) of revenue raising measures to help stabilise the economy, but there was one concern for MNEs.

Anjana Haines, February 23 2017

Hong Kong to establish tax policy unit to enhance regime

Hong Kong’s Financial Secretary Paul Chan has announced his plans to establish a tax policy unit to review the country’s narrow tax base and boost international competitiveness in his 2017-18 budget.

Anjana Haines, February 23 2017

The TP changes you need to know about in South Africa’s budget

Finance minister Pravin Gordhan needs to find ZAR 28 billion ($2.1 billion) to plug the deficit in South Africa’s revenue. This might mean transfer pricing changes in tomorrow’s budget.

Lena Angvik, February 21 2017

Automatic information exchange comes to Italy

Antonella Della Rovere and Filipa Correia of Valente Associati GEB Partners look at Directive 2015/2376/EU and its implementation in Italy.

February 21 2017

Are taxpayers ready for Hong Kong’s TP regime?

Hong Kong’s transfer pricing rules are ambiguous and not codified in law, but with a new regime under way, are taxpayers ready for sweeping changes?

Lena Angvik, February 16 2017

US tax reform: What is the likelihood of a border adjustment tax?

The proposed border adjustment tax has provoked the business world to take action to oppose it, but with US President Donald Trump’s offer to repeal 75% of existing regulations perhaps sweetening the deal, will businesses take the bait?

Amelia Schwanke, February 16 2017

Pascal Saint-Amans pleased with progress on automatic sharing of CbC information

With more jurisdictions signing up to the OECD’s tax co-operation agreement to enable the automatic sharing of country-by-country information, Pascal Saint-Amans tells TP Week that the new measures are proving effective.

Salman Shaheen, February 15 2017

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