India has established the team that will negotiate the first advance pricing agreements (APA) since the measure was introduced in the budget in March, though there is speculation that the members will be responsible for unilateral agreements only.
The OECD's Working Party No 6 discussion draft on the transfer pricing aspects of intangible assets was published well ahead of time yesterday because of pressure from taxpayers and practitioners.
As the economic situation in Europe remains uncertain, taxpayers are facing increasing numbers of audits from revenue-hungry authorities. Coupled with a potential break-up of the currency, it is important that taxpayers make certain provisions in their transfer pricing departments. Two tax executives, including the European head of tax for Siemens, the German multinational, discuss how they approach adjustments and how they view the euro’s future in terms of transfer pricing.
The tax environment in Europe requires different transfer pricing strategies from other global regions. Two tax executives, including the European head of tax for Siemens, the German multinational, talk to TPWeek about the most effective ways to structure transfer pricing across the continent.
Australia is looking to the technology industry’s transfer pricing arrangements in its fight to keep revenue within its borders but critics say its focus could be a double-edged sword if it discourages technology firms from operating in the country.
