The OECD’s head of the transfer pricing unit tells TP Week why the financial transactions project is the toughest challenge among the four BEPS follow-up work streams he has been focusing on.
The European Union’s Common Consolidated Corporate Tax Base (CCCTB) plan is unlikely to happen, according to some MEPs speaking to International Tax Review.
Douglas O’Donnell from the US IRS talks to TP Week about taxpayers’ fears of providing too much or too little information in their CbC reports and how the OECD’s ICAP pilot works to alleviate some concerns and uses the information received.
Officials and practitioners involved in the OECD’s International Compliance Assurance Programme (ICAP) have told TP Week that the initiative could decrease the number of new cases entering the MAP system if it is extended to all members of the BEPS inclusive framework.
German multinationals are waiting for the US Internal Revenue Service to issue guidance on the BEAT, GILTI and FDII rules before deciding how to adapt their US operations, tax experts told TP Week, but planning has begun.
The UK’s plans to remain aligned with European Union state aid rules after Brexit could put the Competition and Markets Authority (CMA) on a collision course with UK parliaments and taxpayers as it weighs in on tax rules.
