The G8 should establish the architecture for a multilateral regime that “tackles unethical tax avoidance” and closes down tax evasion, the Africa Progress Panel recommended on Friday.
The ability of multinational groups to exploit differences between national tax systems to reduce their tax bills without breaching transfer pricing rules is explained in a new HMRC briefing.
No country has the enforcement resources required to perform a thorough audit of every possible transfer pricing issue, the OECD has noted in the introduction to a draft Handbook on Transfer Pricing Risk Assessment, published on 30 April.
Business has supported establishment by the OECD of ‘uniform international rules on controlled foreign companies and on interest deductibility’
Richard Collier considers the OECD’s base erosion and profit shifting project.
Treasury plans to look at all options as UK leads OECD review of transfer pricing rules
UK will lead review of transfer pricing rules
Transfer pricing is not synonymous with tax avoidance, Stemcor said in response to ‘allegations’
Examining the key tax issues facing this sector. By Eloise Walker, Heather Self, John Christian, and Alison Walker (Pinsent Masons), with in-house views from Robert Fort Ferrovial) on tax competitiveness and David Murphy (Bechtel) on risk management issues for international EPC contracting.
Dominic Stuttaford and Andrew Roycroft (Norton Rose) examine developments in tax affecting the attractiveness of the UK as a location for insurance group holdings, the VAT exemption for intermediaries rules, VAT on insurance restructurings and the increasing importance of insurance premium tax. Jennie Rimmer (Aspen) provides (below) an in-house perspective.