A new trade union report slams McDonald’s for setting up a new corporate structure with companies in the UK, Delaware and the Caribbean and claims the company’s intention is to escape tax scrutiny in the EU.
Discovery Communications India’s head of tax, Umang Dhingra, talks to TP Week about how he led the company through nine years of demanding litigation on a permanent establishment case and how the dispute was resolved through an India-US MAP.
An EU directive will require intermediaries to report certain cross-border tax arrangements, but advisers point to client confidentiality and privacy laws, and some say the reporting burden will still rest with the taxpayer.
Australia has taken allegations of profit shifting in the aged-care sector seriously. After last week’s allegations of offshore profit shifting through stapled structures, Australian nursing homes and other aged-care providers are now under investigation by the Australian Senate.
Transfer pricing has become the main cause of lengthy MAP cases, OECD reports show. The OECD peer reporting mechanism, however, may drive change in tax authorities’ efforts towards resolving MAP cases.
