18 comment letters – including letters from the governments of India and China — were released today responding to a draft “toolkit” designed to help developing countries address the taxation of offshore indirect transfers of assets, a practice used by some multinational corporations for tax avoidance. The guidance was prepared by “Platform for Collaboration on Tax,” a joint effort of the IMF, UN, OECD, and . . . .
The Indian government today clarified that it will accept transfer pricing mutual agreement procedure (MAP) cases and bilateral advance pricing agreement applications in situations where the applicable tax treaty does not include a provision comparable to Article 9(2) of OECD Model Tax Commentary, providing for corresponding adjustments. A Central . . .
Ireland’s tax authority on November 24 announced that it will extend the deadline for filing country-by-country reports of multinationals for fiscal years ending in 2016. The deadline has been extended from December 31 to February 28, 2018, due to technical difficulties associated with the electronic filing system. Irish Tax and Customs . . .