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Indian transfer pricing case could signal new approach for advertising, promotional expense
India transfer pricing specialist Ajit Jain discusses a tribunal decision that adopts a new way to analyze advertisement, marketing, and promotional expenses for transfer pricing purposes. . .
Asia-Pacific
Japan, Iceland to negotiate tax treaty
The governments of Japan and Iceland will initiate negotiations for. . .
Europe
Asia-Pacific
Japan, Russia agree to new tax treaty
Japan and Russian will sign a new tax treaty, Japan’s Ministry of Finance has announced. The two countries have . . .
Asia-Pacific
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Asia-Pacific
Europe
Asia-Pacific
Americas
US, Bahrain sign Model 1 FATCA IGA
The US Treasury Department today updated its FATCA website, reporting that Bahrain and the US signed a Model 1 intergovernmental . . .
Asia-Pacific
Europe
Seamus Coffey to head Ireland’s Fiscal Advisory Council
Seamus Coffey has been appointed Chairperson of the Irish Fiscal Advisory Council, the . . .
Americas
US, Grenada sign Model 1 FATCA IGA
The US Treasury Department has updated its FATCA website, reporting that Grenada and the US have signed a Model 1 intergovernmental . . .
Featured News
Over 100 countries adopt multilateral convention to close tax treaty loopholes, improve international tax system
On 24 November more than 100 jurisdictions concluded negotiations on a multilateral instrument to swiftly implement a series of tax treaty measures to update the international tax rules and diminish the opportunity for tax avoidance by multinational enterprises, writes Davide Anghileri of the University of Lausanne . . .
Cyprus
Latvia-Cyprus tax treaty enters into force
A tax treaty between Cyprus and Latvia has entered into force, Cyprus’s Ministry. . .
Asia-Pacific
Hong Kong sets out plan to adopt BEPS tax measures, revamp transfer pricing laws
Hong Kong’s priorities for implementing the OECD/G20 base erosion profit shifting (BEPS) project include adopting the four BEPS minimum standards and putting in place a legislative framework for a new transfer pricing regulatory regime, according . . .
Africa
Multinationals asked to assess MAP tax dispute resolution in US, UK, Belgium, Canada, Netherlands, Switzerland
The OECD has today asked international business to report grievances about the mutual agreement procedure (MAP) for resolving cross-border tax disputes in the US, UK, Belgium, Canada, Netherlands, and Switzerland. The OECD seeks responses to a . . .
Europe
Asia-Pacific
Japan-Austria tax treaty negotiations commence
The governments Japan and Austria will negotiate amendments to their 50+ year old tax treaty, Japan’s. . .
Americas
IRS’s “no rule” list updated to allow private tax rulings on distributions of stock of controlled corporations
The US IRS today updated its “no rule” list of topics that the agency will not ordinarily address in private letter rulings or determination letters, taking two issues off the list that relate to distributions of stock of controlled corporations under . . .
Asia-Pacific
Australian taxation office consults on new public disclosure requirement for large businesses
The Australian Taxation Office (ATO ) has today launched a consultation on rules to implement a new law that will significantly increase public disclosures required by many large businesses operating in Australia, particularly . . .
Belgium
EU court denies Belgium’s request to suspend State aid decision on excess profit tax ruling regime
The EU General Court of Justice on July 19 dismissed Belgium’s application to temporarily suspend an EU Commission decision that concludes that Belgium’s excess profits tax ruling system granted illegal State aid . . .
Americas
IRS says Facebook’s valuation of IP transfer to Ireland may have been understated by billions of dollars
A US Department of Justice lawsuit filed in Federal court on Wednesday reveals that the IRS believes that Facebook may have significantly undervalued a transfer of intellectual property . . .
Asia-Pacific
Japan to begin tax treaty negotiations with Latvia
The governments of Japan and Latvia intend to begin negotiations to conclude a tax treaty, Japan’s . . .
Asia-Pacific
Tan Ching Yee appointed as board chairman of Singapore’s tax agency
Tan Ching Yee has been appointed Chairman of the Board of the Inland Revenue Authority of Singapore (IRAS), Singapore’s Ministry . . .
Asia-Pacific
UAE signs tax treaty with Jordan
The United Arab Emirates has signed a tax treaty with Jordan, the UAE’s Ministry . . .
