The South Korean Financial Services Commission’s KRW 15.4 billion ($12.6 million) fine to global pharmaceutical company Celltrion is a warning to others to comply with accounting standards and transfer pricing rules.
Chinese tax authorities are making it difficult for multinationals in China to make end-of-year transfer pricing (TP) adjustments, forcing tax departments to be extra vigilant and manage the administrative burden and customs issues differently.
Transfer pricing (TP) teams of multinational enterprises (MNEs) are rushing to collect the necessary documents and data from their tax colleagues worldwide because the 2022 Mexican tax reform gives them less than three months to submit tax reports.
EU finance ministers disagreed over the draft directive to implement the OECD's pillar two plan. The lack of unanimity may hold back the plan for a 15% minimum corporate tax rate.
Businesses face greater transfer pricing (TP) uncertainty due to rising inflation and the implications for cost allocation. The complications of supply chain disruption and rising prices mean datasets are less reliable than ever.
Global Tax 50 highlights the most influential individuals, organisations and geopolitical events in the tax world. Acting Managing Editor Josh White introduces the 2021-22 edition of the landmark feature.
