OECD guidelines on transfer pricing and other international tax issues protect the interests of OECD countries only and it is ‘improper’ to suggest that they represent internationally agreed guidance, the Indian government has claimed.
ActionAid and the Task Force on Financial Integrity and Economic Development have been named by TP Week readers as two of the five ‘leading forces in global transfer pricing’.
Tax officials from 90 countries have agreed on the need to simplify transfer pricing rules and make them ‘more robust’.
Companies should pay a fair rate of tax and ‘move vigorously towards the path of transparency’, the Labour peer and former newspaper publisher Lord Hollick told tax experts earlier this month, as campaigners renewed calls for country by country reporting (CBCR) by multinationals and claimed that
HMRC figures show that significant progress has been made in resolving transfer pricing issues with companies since a new approach was adopted in 2008, the department announced.
A country-by-country guide to some of the key tax developments in 2011
Ken Almand reviews the top developments in 2011 affecting transfer pricing
Multinational ‘tax dodges’ are estimated to account for over half of all illicit capital flight from developing countries, the European Network on Debt and Development (Eurodad), a network of NGOs from 19 European countries, has claimed.
Five leading tax professionals, including HMRC's Judith Knott, took part in a roundtable discussion on UK tax competitiveness. Much of the discussion, chaired by John Overs, concerned CFC reform and the potential ‘gateway’ test to filter cases out of the regime.