The interactions between taxpayers and officials in Latin America can often be fiery, but continual efforts are being made to improve such relationships. Matthew Gilleard speaks to advisers from across the region to gauge how things are progressing and whether the officials are doing enough.
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The ruling underscores that tax authorities must provide ‘detailed, well-supported, and logically sound justifications’ when determining reference prices in tax assessments, one expert told ITR
One expert last month predicted the short-term impact of tariffs would be “devastating” for both Canada and the US, particularly if the former instituted retaliatory measures
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The court emphasised that TP analysis must adhere to the arm's-length principle, be based on the specific facts of each transaction and comply with domestic regulations, one expert says