The US tax reform has been blamed for triggering a new race to the bottom for corporate tax rates. But the US is in line with OECD recommendations and has merely “hopped to the middle”, says the OECD’s Grace Perez-Navarro.
The 2018 OECD International Tax Conference in Washington DC on June 4-5 debated proposals for taxing the digital economy and the concept of user participation and value creation.
Taxpayers and advisers are exploring external databases to save time on finding reliable comparables for arm’s-length calculations and assist with transfer pricing documentation.
The Court of Justice of the European Union has upheld a decision that the US will not be allowed to intervene in Apple’s Irish state aid case. US tax professionals debate whether the US government had a strong case for getting involved.
The Chartered Institute of Taxation, the UK professional body for taxation, has appointed Ray McCann to president, Glyn Fullelove to deputy president, and Peter Rayney to vice president.
The Dutch Ministry of Finance has released a new transfer pricing decree that gives more weight to the development and enhancement of intangibles in cost and profit allocation, contrasting with the OECD Transfer Pricing Guidelines.
