The UK government’s transfer pricing draft legislation is set to increase the compliance burden for businesses owing to further documentation requirements.
This week mining company Rio Tinto settled its tax dispute with the Australian Tax Office for A$613 million, while the UK published its draft legislation for a minimum corporate rate.
The Dutch secretary for tax affairs and tax administration’s TP decree could leave taxpayers uncertain despite greater clarity around inter-company loans and financial intermediaries.
The Shenzhen customs authority and State Taxation Administration’s TP programme could spread across China as their joint circular raises tax certainty.
