This content is from: European Union EU Council adopts directive to crack down on hybrid mismatches The Council of the European Union has acted on BEPS Action 2 after adopting a directive to clamp down on the use of hybrid mismatch arrangements and halt corporate tax avoidance, but this could result in uncertainty f... By Lena Angvik May 30 2017
This content is from: Transfer Pricing Concerns over OECD discussion draft on the Implementation Guidance on Hard-to-Value Int... The OECD is inviting public comment on a new discussion draft that provides guidance on the implementation of the approach to pricing transfers of hard-to-value intangibles (HTVI), but some in the tax community have r... By Salman Shaheen May 25 2017
This content is from: European Union EU finance ministers agree on dispute resolution procedures Good news for businesses, which could see lower compliance costs after the EU Economic and Financial Affairs Council (ECOFIN) this week agreed on a new system for resolving double taxation disputes for its 27 member s... By Lena Angvik May 25 2017
This content is from: United States Enter now for the Americas Tax Awards 2017 Private-practice, in-house and individual awards are up for grabs at this year's Americas Tax Awards. By Lena Angvik May 24 2017
This content is from: Australia Chevron may be denied appeal as ATO targets high-risk MNEs Chevron has announced it will appeal its A$300 million ($226 million) tax bill after its Federal Court loss last month, but with the Australian Taxation Office (ATO) setting its sights on at least a dozen high-risk co... By Lena Angvik May 23 2017
This content is from: Australia Duff & Phelps acquires TP firm Quantera Global Asia Holding Duff & Phelps has acquired Asia-Pacific transfer pricing firm Quantera Global Asia Holding, adding more than 25 TP professionals to its practices. By Lena Angvik May 22 2017
This content is from: Transfer Pricing Creel, Garcia-Cuellar, Aiza y Enriquez launches TP services Mexican firm Creel, Garcia-Cuellar, Aiza y Enriquez now offers transfer pricing services, and has hired Laura Frias as TP counsel, as well as a team of specialised associates. By Lena Angvik May 22 2017
This content is from: India India’s cabinet approves the multilateral instrument on BEPS India has taken a step towards aligning its policies with the OECD’s BEPS Project after the cabinet signed the multilateral instrument (MLI) to prevent base erosion and profit shifting. By Lena Angvik May 18 2017
This content is from: Vietnam Vietnam's new interest deductibility restrictions Christopher Marjoram, tax partner at PwC Vietnam, takes a look at the new restrictions on interest deductibility introduced in Decree No 20/2017/ND-CP. By ITR Correspondent May 18 2017
This content is from: United Kingdom Diageo becomes first company to fall foul of UK’s DPT Alcoholic beverages maker Diageo is the first company in the UK to be assessed under the diverted profits tax (DPT) for allegedly shifting its profits from the UK to the Netherlands, paving the way for a lengthy tax d... By Lena Angvik May 16 2017
This content is from: India Takeaways from the Formula One case The India Apex Court defined principles for qualifying as a Permanent Establishment (‘PE’) and ruled that the Formula One championship circuit constitutes a fixed place of business/PE in India. Amit Agarwal and Rama G... By Lena Angvik May 11 2017
This content is from: Transfer Pricing OECD activates automatic exchange relationships under MCAA The OECD has activated automatic exchange relationships under the MCAA, but developing countries seem to have been left out. By Lena Angvik May 09 2017
This content is from: Sponsored Italy: Changes to the TP framework On April 24 2017, a new law decree (N. 50/2017) introduced changes to the Italian transfer pricing framework. Antonella Della Rovere and Federico Vicenti from Valente Associati GEB Partners look at the changes. By Lena Angvik May 09 2017
This content is from: United States Asia Tax Awards 2017 winners announced Twenty eight different firms, individuals and companies shared the prizes at the Asia Tax Awards in Singapore. By Ralph Cunningham May 04 2017
This content is from: United Kingdom UK snap election triggers tax dodging debate Political parties in the UK are preparing their manifestos for the June 8 snap election, and voters demand to see an end to corporate tax dodging. Should companies expect changes? By Lena Angvik May 04 2017
This content is from: India Formula One’s income taxable in India, rules Supreme Court India’s Supreme Court has ruled that Formula One has a permanent establishment in India in a big victory for the country’s income tax department. By Lena Angvik May 02 2017
