The Indian government is planning to clarify tax guidance for investment funds in India but there is little confidence it will satisfy offshore funds’ needs.
The majority of taxpayers, in a survey by TPWeek, have said they think the IT systems available on the market for corporate tax and transfer pricing are insufficient in helping companies to cooperate with documentation and the country-by-country reporting obligations of the upcoming BEPS guidance.
The OECD is considering the use of hindsight when tax authorities are assessing hard-to-value intangibles (HTVI). Ian Brimicombe, VP of corporate finance at AstraZeneca in the UK, discusses the impact on taxpayers.
The OECD, as part of action 8 of its BEPS plan, has released a discussion draft looking at the issue of hindsight and the arm’s-length pricing of hard-to-value intangible assets.
The Argentine Supreme Court ruling on Toepfer International, a commodity exporting firm, has finally been published, two months after the decision, providing lessons for BEPS action 10 (cross border commodity transactions).
