In an effort to provide their tax administrations with tools to combat corporate tax avoidance through transfer pricing, officials from 7 more countries have signed an agreement setting out the parameters for automatic exchange of country-by-country reports on large . . .
A tax treaty between Japan and Chile signed January 21, 2016, has entered into force, the Japanese government . . .
The European Commission today published a non-confidential version of its decision to open a State aid investigation into whether a tax rulings granted by Luxembourg to Engie, formally known as GDF Suez . . .
The US Treasury Department on Thursday released final earnings stripping regulations under section 385, resisting calls by business and Republican lawmakers to slow down . . .
As part of an effort to devise an EU-wide common list of tax havens, the EU Commission today released a scoreboard designed to help identify countries located outside the EU that enable multinational corporation tax avoidance. Eighty-one countries - including the US, China, and India - were identified. . .
The UK on February 26 issued final rules requiring large UK-parented multinationals and some UK subsidiaries of large multinationals to file annual country-by-country reports to HM Revenue and Customs (HMRC). The regulations finalize draft regulations on the topic . . .
The Australian Taxation Office (ATO), on February 15, issued draft guidance elaborating upon proposed goods and services tax (GST) legislation introduced by the government last week. The guidance concerns aspects of new rules which would narrow the current test for determining when the enterprise of a nonresident . . .
The Australian Treasury on February 11 opened a consultation on whether Australia should adopt into law final OECD/G20 base erosion profit shifting (BEPS) transfer pricing . . .
The UK's HM Revenue and Customs on February 9 denied that Google received a "sweetheart deal" in a settlement that allowed the company to pay £130 million (USD 185 million) to resolve ten years of back taxes. The settlement, announced by Google on . . .
The international tax proposals in President Obama's fiscal year 2017 budget, released February 9, look a lot like the proposals in last year's budget. The administration has again proposed a one-time 14 percent tax on . . .
India and the UK have signed two bilateral advance pricing agreements (APAs) to resolve transfer pricing disputes, the first such agreements between the nations, India's . . .
India has signed seven more unilateral advance pricing agreements (APAs) with multinationals, India's Central Board of Direct Taxes (CBDT) announced January 22. The . . .
Swiss tax officials intend to sign next week a multilateral agreement to implement country-by-country reporting developed under the OECD/G20 base erosion profit shifting (BEPS) plan, Switzerland's Federal . . .
Singapore's Inland Revenue Authority (IRAS) on January 4 published the third edition of its transfer pricing guidelines, adding new information on the cost plus method and changing the guidance to reflect Singapore's . . .
The Netherlands Ministry of Finance has issued guidance on new transfer pricing documentation standards . . .
The US IRS has released its annual “no rule” list, adding foreign base company income issues to the list of topics that the agency will “not ordinarily” address in private letter rulings . . .