The latest headline news includes: HMRC sees drop in high-value transfer pricing investigations; Romania becomes BEPS associate; and Austria moves closer to draft transfer pricing documentation
The UK's tax deal with Google came under scrutiny today after Google’s Paris office was raided by French authorities in a tax investigation over an estimated €1.6 billion ($1.8 billion).
The European Commission (EC), already investigating Italian steelmaker Ilva over €2 billion ($2.27 billion) in Italian financing, has extended its state aid probe to look into another loan made in December 2015.
US Senator Rand Paul and several others have lost a court challenge to the US Foreign Account Tax Compliance Act (FATCA) for failing to show the law had harmed them or was likely to do so.
The UK may have acted beyond its powers in its push to implement BEPS by including a targeted anti-avoidance rule (TAAR) in country-by-country regulations, according to Britain’s Select Committee on Statutory Instruments.
