Francois Hollande's just-elected French government has proposed new measures to increase tax revenues, including changes to the transfer pricing regime.
Tokyo Electron (TEL), a Japanese electrical manufacturer, will contest a transfer pricing adjustment from the Japanese tax authorities relating to transactions with subsidiaries in the US and South Korea.
Eaton, an electrical component manufacturer, is contesting an IRS decision to revoke an advance pricing agreement it made with the taxpayer and a transfer pricing adjustment against the company for $127 million.
The World Bank, like the OECD and the UN, is working to simplify how transfer pricing works for developing countries. TPWeek speaks to Richard Stern, programme manager for tax simplification at the World Bank Group (WBG).
