PwC Luxembourg has appointed Christophe Hillion as a new partner in its transfer pricing unit. Hillion joins from PwC’s New York office, where he led the financial transaction transfer pricing practice. He also focused on transfer pricing-related issues for the banking and insurance industries
Apple released its grounds for appealing the €13 billion ($14 billion) tax bill from the European Commission earlier this week, arguing that the Commission’s arm’s-length test did not comply with EU laws for determining state aid in tax assessments.
Finance minister Pravin Gordhan needs to find ZAR 28 billion ($2.1 billion) to plug the deficit in South Africa’s revenue. This might mean transfer pricing changes in tomorrow’s budget.
On February 9, the Australian Parliament introduced a bill including a diverted profits tax (DPT). Could other countries looking to shore up their tax bases follow suit?
Since the OECD’s BEPS Project was launched in October 2015, many industries are having to adjust to the new environment. A new Deloitte report found that the mining sector, with its long-term investments in developing countries, could be particularly vulnerable to tax changes.
