In the face of threatened supply chains, many tax authorities are offering concessions, incentives and rebates. We recommend steps to help your organization stay current with tax-legislative changes around the world.
The European Commission has launched an investigation to examine whether Nike may have been given an unfair — and unlawful — tax advantage over its competitors in the Netherlands. We tell you the reasons for the EC's challenge and why multinationals of all sizes need to pay attention.
New transfer pricing rules in Thailand go into effect January 1, 2019. The key provisions of the legislation include the following:
Hong Kong passed has implemented a base erosion and profit shifting and transfer pricing tax regulatory regime.
The Ministry of Finance published a new transfer pricing decree that provides guidance on the application of the arm’s-length principle.
Canada released its 2018 Budget Plan, which includes “rules aimed at ensuring that non-residents pay their fair share of tax on income derived from Canadian sources.”
The Cyprus tax authority announced that the previously agreed minimum profit margins on back-to-back intragroup financing will cease to apply from July 1, 2017.
In January 2017, the Australian Taxation Office (ATO) published new guidance on transfer pricing. The publication is part of a trend of tax authorities in all jurisdictions cracking down on profit shifting. This post provides some important steps you can take to ensure your organization stays compliant with evolving corporate tax laws.
For assessing the financial year ending in 2017, taxpayers with cumulative related party transactions exceeding S$15,000,000 in audited accounts are required to complete a form for reporting related party transactions.
On August 30, 2016, the European Commission found that Ireland granted illegal tax benefits to Apple Inc., and demanded that Apple repay €13 billion to Irish tax authorities. We provide a clear, concise summary of the situation and tell you what you need to consider in the wake of the ruling.
Companies of all sizes — not just behemoths like Google and Facebook — are under increased scrutiny from tax authorities. We are in a time when corporate tax laws around the globe are evolving at a quick pace, and this understandably leaves many corporations uneasy and looking for clarity. Let’s look at two scenarios involving how a multinational might be taxed by two sets of tax authorities on the same income. Equipped with this knowledge, you may be able to avoid these kinds of pitfalls, or at least be prepared for the possibility that they may arise.