Tax leaders have warned that the latest UK interest rate increases could land a further blow on MNEs, which are already struggling.
Panellists said OTP can improve corporations’ forecasting and data usage, with one describing improvements as 'night and day'.
The departing OECD director said countries’ sovereignty is crucial to pillar two while speakers questioned current tax policies.
This week the European Commission is facing opposition over its windfall tax proposal, while Tesla is considering moving production to the US over tax breaks.
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In collaboration with tax experts from Deloitte member firms around the world, ITR’s Transfer Pricing Controversy guide provides strategies to help avoid and resolve disputes as tax authorities resume pre-pandemic levels of activity. -
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Increased transfer pricing documentation requirements are not reducing the number of disputes. Jennifer Breeze, Chris Ferguson, and Simón Somohano of Deloitte offer regional perspectives on the issue and explain what businesses may be able to do to prevent escalation.
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Rather than simplifying and standardising international tax, the OECD BEPS recommendations have led to a complex landscape. Vrajesh Dutia and Eric Lesprit of Deloitte analyse the application of the guidance across several high-profile jurisdictions.
Multinational companies need to implement robust transfer pricing policies that align with indirect tax functions to avoid costly errors.
Panellists at the IFA Congress in Berlin said a standardised reporting system in the EU would reduce administrative costs for businesses and ameliorate audits.
The European Commission moves to apply a windfall levy on EU electricity firms, while Germany presses ahead with legislation to enforce unilaterally the global minimum tax deal.
At an IFA panel, partner Marcelo Natale from Deloitte said Brazilian tax directors must work with IT teams to ensure the information they provide to authorities is reliable.
EVP of tax at Shell Alan McLean said corporations must adopt a responsible tax strategy that ensures the long-term sustainability of their business.
Tax leaders at the IFA Congress stressed corporations’ responsibility to comply with the law when carrying out tax planning.
Belema Obuoforibo, director at non-profit IBFD, has criticised the policy design of the OECD’s two-pillar solution at an IFA panel.
Kuwait signed its first tax treaty with a Gulf Cooperation Council country, while the IRS and Western Digital have settled a $1.6 billion transfer pricing dispute.
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“Never let a good crisis go to waste”
Giles Parsons looks at how companies can respond to COVID-19 and make themselves stronger and more efficient in the long-term. -
Why sustainable tax makes good business sense
Karl Berlin, vice president and head of tax at Ørsted, makes the case for a more transparent, more sustainable tax policy and explains why his company takes this approach. -
Deep dive: Indian Supreme Court’s ruling on software licensing fees
Sanjeev Sharma, principal director of income tax at the India Income Tax Department, explains how the Supreme Court’s ruling on software licensing fees interpreted the application of tax treaties, the OECD Model Tax Convention, Income Tax Act and Copyright Act. -
Indian Supreme Court’s view in software tax case leaves other tax options open
Amit Agarwal and Rama Gupta assess how the Indian Supreme Court’s decision on taxing software licensing fees could result in the distribution and use of computer software being taxed in alternative ways in the future. -
Multilateral tax treaties can be simplified using economic principles
Federico Balbiano di Colcavagno, transfer pricing expert at Vale International, presents his proposal for a simplified multilateral tax treaty model that is consistent with the arm’s-length principle, taxing rights, and based on economic principles.
The winners of the ITR EMEA Tax Awards have been announced for 2022!
12th annual awards announce winners
The winners of the ITR APAC Tax Awards have been announced for 2022!
ITR is delighted to reveal all the shortlisted firms, teams, and practitioners for the 2022 Americas Tax Awards – winners to be announced on September 22