India has taken a step towards aligning its policies with the OECD’s BEPS Project after the cabinet signed the multilateral instrument (MLI) to prevent base erosion and profit shifting.
Alcoholic beverages maker Diageo is the first company in the UK to be assessed under the diverted profits tax (DPT) for allegedly shifting its profits from the UK to the Netherlands, paving the way for a lengthy tax dispute that may take years to end.
The India Apex Court defined principles for qualifying as a Permanent Establishment (‘PE’) and ruled that the Formula One championship circuit constitutes a fixed place of business/PE in India. Amit Agarwal and Rama Gupta of Deloitte look at the takeaways.
On April 24 2017, a new law decree (N. 50/2017) introduced changes to the Italian transfer pricing framework. Antonella Della Rovere and Federico Vicenti from Valente Associati GEB Partners look at the changes.
Political parties in the UK are preparing their manifestos for the June 8 snap election, and voters demand to see an end to corporate tax dodging. Should companies expect changes?
