Previously, TPWeek reported on multinationals’ decrease in demand for outsourced transfer pricing advice. Advisers explain how they are keeping up with market trends and how the approach of accountants and lawyers varies.
The way tax administrations select transfer pricing cases for audit varies dramatically in sophistication across the world. Learning their tactics is vital for taxpayers looking to avoid the scrutiny of revenue-hungry officials.
Whether the euro breaks-up or whether the EU can hold it together, taxpayers should be aware of the implications a break-up would have on their transfer pricing arrangements.
While Vodafone secured a historic victory in the Supreme Court of India last week, there is still the issue of an Rs8,500 crore ($1.7 billion) transfer pricing order from the Income Tax Department.
The Supreme Court of Canada met last week to hear the Canadian Revenue Authority’s (CRA) appeal and GlaxoSmithKline’s (GSK) response in a case to decide whether GSK paid too much for active pharmaceutical ingredients (API) from a Swiss associated enterprise.
