Tax justice campaigners say Magnitsky-style sanction regimes in the UK require annual review to measure efficiency against illicit funds. Yet the UK is still dragging its heels on implementing offshore public registers.
The South African Revenue Service (SARS) is pushing for the implementation of advance pricing agreements (APAs) to facilitate the filing of transfer pricing (TP) documentation amid the rise in audits.
The Omicron wave has produced more supply chain disruption for companies around the world, just as there has been a surge in IP transactions. TP teams have to stay ahead of the pace of change.
This week Scottish oil company Cairn Energy ended its battle with the Indian government in exchange for a refund of more than $1 billion in back taxes.
Cameco, Engie, and Nike headlined the biggest corporate transfer pricing (TP) cases from 2021, and 2022 could offer more court rulings that revise in-house TP practices at other large multinational enterprises (MNEs).
