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Peer review of OECD and G20 countries shows mixed progress on exchange of private tax ruling information
The OECD today released peer reviews assessing whether 44 countries have met their commitments to disclose information to other countries about the private tax rulings they grant to multinational firms. The commitments, made as a part of 2015 OECD/G20 base erosion profit shifting (BEPS) plan agreements between . . .
US professors advocate international tax reform before Senate Finance panel
Sam Olchyk and Kiley Boland, Venable LLP, Washington discuss the a US Senate Finance Committee hearing held October 3, where tax professors expressed discontent with the current US international tax system and agreed that American companies are treated unfairly in comparison to foreign companies operating in the US . . .
Transfer pricing comparables “toolkit” reflects realities of developing nations, UN official says
A new “toolkit” which considers how developing nations can address a lack of comparables in transfer pricing, released jointly by the UN, OECD, IMF, and World Bank Group last June, reaffirms that the arm’s length approach can work for all nations but is also an imperfect, “not scientifically pure,” document, a UN official said July 18. Michael Lennard . . .