President Obama’s tax reform proposals for the US include transfer pricing provisions which promise to reduce the nation’s deficit by $24 billion over 10 years.
The OECD has its work cut-out Intangible property is an important income generator for many multinational enterprises (MNE), so the OECD consultation with business on the transfer pricing aspects of intangibles, held in November 2011, was well attended. But, not all taxpayers were in agreement on the issues.
The Mexican Revenue Authority has confirmed it intends to release more transfer pricing guidance for taxpayers in 2012, but a specific date has not been confirmed.
Before delegates left the OECD’s transfer pricing aspects of intangibles meeting on Monday night, they were asked a number of questions for overnight deliberation by Joseph Andrus, the new head of transfer pricing at the OECD.
This week’s OECD meeting with business representatives to discuss the transfer pricing aspects of intangibles began with a summary of the project so far.
