Confusion over the interpretation of India’s 5% allowable variation in the difference between the actual price of transactions and the arm’s-length price led to the government amending the rule in this year’s budget, but, as Salman Shaheen finds out, the changes have only created further confusion and there is still no sign of long-awaited safe harbour rules
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A global tax framework may not materialise anytime soon, but a common set of principles is becoming increasingly necessary, Rudolf Winkenius also tells ITR
While pillar two can progress without the US, it won’t reach the same heights without American involvement, argues Renáta Bláhová, founding partner of BMB Partners Taxand
The deal comes after PwC had accused Paul McNab of using confidential information; in other news, McDermott hired a new London tax head from a US rival
Looking at transfer pricing simplification is “obviously helpful”, but it should be done in line with current standards, a senior government figure reportedly said