Documents owned by PwC detailing Luxembourg’s tax arrangements with more than 340 companies have been leaked. They could accelerate the EC's investigations into unfair tax treatment, constituting state aid.
Nick Smith, UK MP and member of the Public Accounts Committee (PAC) tasked with investigating tax evasion and avoidance in the country, has asked business and non-government organisations (NGO) what the next step should be for the group’s fight against companies that are not paying their fair share of taxes.
The OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes met in Berlin to form an agreement that marks the end for bank secrecy and shows that many jurisdictions referred to as tax havens are willing to cooperate to help end profit shifting.
The Bombay High Court (HC) has ruled in favour of Vodafone India in relation to a transfer pricing dispute between the company and the tax authorities about whether the transfer of shares between the company and a subsidiary in Mauritius constituted a transaction that gave rise to income tax.
Australian media has reported that the country’s tax office (ATO) is experiencing staffing issues in the transfer pricing department, which is impacting taxpayers, but advisers have said this is an overstatement.
