Advisers and taxpayers have voiced their concerns about the questions which still remain unanswered in the BEPS disclosure documents at TPWeek and International Tax Review’s 14th Global Transfer Pricing Forum in Washington, DC.
Will Morris, chairman of the BIAC Tax and Fiscal Affairs Committee and global tax policy adviser for GE, has spoken exclusively to TPWeek about his views regarding the BEPS disclosure documents released on September 16.
The issuing of Circular 146 by the State Administration of Taxation (SAT) highlights the Chinese tax authorities’ increasing efforts to enforce transfer pricing (TP) administration for cross-border charges.
Taxpayers with significant amounts of cross-border charges should conduct internal audits to avoid getting caught out.
The popularity of intellectual property (IP) incentive schemes is rising steadily, with countries such as the UK, the Netherlands and Switzerland, competing to attract investment. Companies looking to take advantage of these schemes, however, have a number of things to consider.
HM Revenue & Customs (HMRC) has announced new measures to dissuade taxpayers from using avoidance schemes which involve the transfer of corporate profits. Taxpayers will need to familiarise themselves with the new measures and review their company’s arrangements to ensure they are not caught out.
