Transfer Pricing

Archive: Transfer Pricing

This content is from: France

Ex-PwC employee tells court he had a 'duty' to act on sweetheart tax deals

Raphael Halet, a PwC employee on trial in the so-called ‘LuxLeaks’ tax scandal, said he decided to act after seeing a France 2 television report in 2012, a story it later transpired was based on the alleged leak of 30...
By ITR Correspondent
April 29 2016
This content is from: Russia

Russia issues draft law opening the door to BEPS

Russia’s Ministry of Finance has reportedly issued a draft law that would bring its transfer pricing documentation rules in line with the OECD’s base erosion and profit shifting (BEPS) proposals under Action 13.
By ITR Correspondent
April 29 2016
This content is from: Australia

TP WEEK NEWS BRIEFS For April 28, 2016

The latest headline news from Transfer Pricing Week. News Briefs include: Latin America loses $100 million to transfer pricing; EC's Ireland-Apple investigation; ‘LuxLeaks’ whistleblower trial; Australia penalties for...
By Caroline Byrne
April 28 2016
This content is from: Belgium

New TP partner at BDO Belgium
By Joelle Jefferis
April 26 2016
This content is from: United Kingdom

New COO announced for ICAEW
By Joelle Jefferis
April 26 2016
This content is from: Luxembourg

Ex-PwC auditor Deltour and two others face prison as ‘LuxLeaks’ trial gets underway

Former PwC auditor Antoine Deltour stands trial in Luxembourg today on charges related to accessing a database of confidential corporate tax deals later published by a French journalist. The whistleblower is accused o...
By ITR Correspondent
April 26 2016
This content is from: United States

US anti-inversion rules to have ‘enormous impact’ on foreign MNEs

The US Treasury’s proposed regulations on ‘earnings stripping’ will cause headaches for foreign multinationals, including increased administration, additional costs and limitations with debt leveraging, tax advisors w...
By Joelle Jefferis
April 25 2016
This content is from: United States

TP WEEK NEWS BRIEFS For April 25, 2016

The latest headline news from Transfer Pricing Week. TP News Briefs include: the impact of US Treasury plans for earnings stripping on foreign MNEs; Australian deal to fast-track corporate tax cases, Czech Transfer Pr...
By ITR Correspondent
April 25 2016
This content is from: European Union

Apple co-founder Wozniak says companies should pay 50% tax

Steve Wozniak, co-founder of Apple along with Steve Jobs, said that all companies, including Apple, should pay the same rate of tax as he does personally.
By ITR Correspondent
April 22 2016
This content is from: India

Payal Tuli joins BMR & Associates
By ITR Correspondent
April 21 2016
This content is from: India

India FM: Vodafone appeal is unrelated to retrospective taxation

Finance Minister Arun Jaitley has defended India's decision to appeal a Bombay High Court ruling in the Rs 8,500 crore ($1.7 billion) Vodafone transfer pricing case, saying it is not related to a separate, retrospecti...
By ITR Correspondent
April 21 2016
This content is from: Transfer Pricing

The Platform for Collaboration on Tax: The same old story?

The world's largest multilateral organisations laid out plans for a joint ‘platform’ to help developing countries fight tax evasion, the first steps toward creating international standards. Tax campaigners aren’t conv...
By Joelle Jefferis
April 21 2016
This content is from: Transfer Pricing

IMF, UN, World Bank and OECD to help developing countries fight tax evasion

The world's largest multilateral organisations laid out plans yesterday for how their joint ‘platform’ will help developing countries fight tax evasion, in the first steps toward creating international standards. But ...
By ITR Correspondent
April 20 2016
This content is from: United States

Ex-US Treasury officials: America’s new ‘inversion’ regulations will push US companies ...

Eighteen ex-Treasury officials are lobbying US President Barack Obama to reconsider new ‘inversion’ rules announced after Pfizer’s failed $160 billion merger with Ireland’s Allergan, saying the regulations will encour...
By Caroline Byrne
April 19 2016
This content is from: United States

Was the Pfizer-Allergan merger proposal really a windfall for Ireland?

When new rules proposed by the US Treasury stopped the $160 billion Pfizer-Allergan super-inversion in early April many Americans applauded. Some grumbled about unfair tax loopholes or blamed Ireland’s 12.5% corporate...
By Joelle Jefferis

& Caroline Byrne
April 18 2016
This content is from: United Kingdom

UK MP David Gauke: Companies do a ‘poor’ job explaining tax data

Companies are doing a poor job communicating their tax positions, David Gauke, the financial secretary to the UK Treasury, told the European Tax Policy Forum conference in London today.
By Joelle Jefferis
April 18 2016
This content is from: Panama

Panama to adopt Common Reporting Standard on AEOI

After years of wavering, Panama will finally adopt international tax reporting standards following the leak of 11.5 million financial documents and two weeks of intense scrutiny focused on the Central American tax haven.
By Caroline Byrne
April 15 2016
This content is from: European Union

TP WEEK NEWS BRIEFS For April 13, 2016

The latest headline news from Transfer Pricing Week. TP News Briefs include: the Panama Papers' JITSICN special meeting in Paris, the EC's proposed legislation targeting MNEs with European and offshore subsidiaries, t...
By ITR Correspondent
April 13 2016
This content is from: European Union

EXCLUSIVE: OECD’s Saint-Amans discusses EC push to force MNEs to publish CbCR data on t...

The European Commission’s crackdown on EU and foreign multinationals includes a plan to force MNEs operating in Europe to publish detailed country-by-country tax reports on their company websites – including financial...
By Joelle Jefferis
April 12 2016
This content is from: European Union

European Commission demands MNEs publish EU and offshore tax data

The European Commission is pushing EU and foreign multinationals to publish detailed country-by-country tax reports on their company websites – including financial data on their businesses in Europe and offshore.
By Joelle Jefferis
April 12 2016
This content is from: Sponsored

Patent box in Italy: Guidelines issued by the Italian revenue office

The 2015 Stability Law introduced in Italy a new patent box regime for incomes deriving from the use of specific categories of intangibles. The regime, applicable as of tax year 2015, may be adopted by entities earnin...
By ITR Correspondent
April 12 2016
This content is from: Transfer Pricing

BEPS: The impact survey

While the wave of international taxation triggered by the OECD’s 15 BEPS recommendations is designed to bring consistent tax reform globally, it may also be creating a new set of problems.
By ITR Correspondent
April 12 2016
This content is from: Direct Tax

BEPS: The impact survey

In May 2015, TP Week surveyed in-house tax professionals and found that 54% of them had been proactively taking steps to prepare for BEPS implementation.
By Joelle Jefferis
April 11 2016
This content is from: South Korea

South Korea releases master file and local file templates

The South Korean Ministry of Strategy and Finance has released fixed templates of the master file and local file that taxpayers will be required to submit for the first time with their tax returns for 2016 fiscal year.
By Joelle Jefferis
April 07 2016
This content is from: United States

Growing demand for US APAs

The IRS has released statistics on its advance pricing and mutual agreement (APMA) programme for 2015, which show a sharp increase in the number of US multinationals applying for advance pricing agreements (APAs) than...
By Joelle Jefferis
April 07 2016
This content is from: Canada

Canada budget reveals revenue agency holding back on BEPS

Canada’s 2016 Budget introduced a number of BEPS-inspired regulations, including country-by-country reporting (CbCR) and the updated definition of the arm’s-length principle.
By Joelle Jefferis
April 05 2016

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