Issues Regarding the Task Force

Illicit Transfer Pricing Endangers Shareholders

August 28, 2009

Forbes — Shareholders in many of the world’s leading multinational corporations face significant financial peril from a source few have probably ever thought about: transfer pricing.

Australian taxpayers to face enhanced transfer pricing scrutiny

August 6, 2009

Australia’s tax authorities have vowed to scrutinise taxpayers’ transfer pricing activities and thin capitalisation rules in a bid to help businesses and individuals facing genuine hardship during the economic downturn.

Eating out of his hand

August 5, 2009

The curse of exchange controls could be to blame for so many of South Africa’s otherwise astute rich falling for Barry Tannenbaum’s wiles. It seems Tannenbaum offered investors a conduit called transfer pricing to take their money out of the country. The aim was to shift offshore some of the enormous profits he promised them.

Transfer Pricing Growing Concern for Multinationals

July 20, 2009

Strategic dispute resolution has become critical for companies to sustain their global transfer pricing strategies. Now, PricewaterhouseCoopers (PwC) announced its International Transfer Pricing 2009 book which predicts an increase in disputes around the world as more and more tax authorities aggressively attempt to enforce their transfer pricing rules. “In 2009 we expect that several major territories will adopt new or revised requirements for transfer pricing and the impact of the OECD’s discussion draft on business restructurings will be evaluated,” said Garry Stone, a Partner with PricewaterhouseCoopers LLP.

Industry hails changes in tax structure

July 8, 2009

Kolkata: Although the government failed to lay down a concrete roadmap on ways to reduce the huge fiscal deficit in the Union Budget 2009-10, the changes made in the tax structure, both direct and indirect taxes, were a welcome measure and could have a positive impact on the economy, felt industry experts.

Tax proposals welcomed by charities

July 7, 2009

British charities have welcomed moves announced by the Government which could herald major improvements in the way tax is regulated internationally.

The tax crackdown that could net you £700 a year

July 4, 2009

Governments are being urged to shake up the way tax havens operate before the next G20 meeting later this summer, writes Neasa MacErlean

Short Cuts

July 2, 2009

There was an awfully genteel protest organised by the Tax Justice Network in Jersey earlier this year. The TJN had joined up with a group of Jersey campaigners who would like the island to wean itself off its dependence on the more creative aspects of modern finance. Christian Aid have estimated that Southern countries lose at least $160 billion every year in unpaid taxes as a result of dodgy accounting by corporations operating on their territory. According to the OECD, there is $5 trillion (or more) parked in offshore tax havens, beyond the reach of impertinent governments and their demanding citizen bodies.

Norwegian report attacks transfer mispricing

June 30, 2009

Authors of a report on tax havens and development, commissioned by the Norwegian government, believe international action is required to deal with the problem of transfer mispricing.

France introduces tougher transfer pricing rules

June 30, 2009

Taxpayers in France will be subjected to stricter transfer pricing rules under new legislation.

Forum: Budget unfriendly to private sector

June 27, 2009

Tanzania – Economists have continued to poke holes into Finance and Economic Affairs minister, Mr Mustafa Mkulo’s budget saying it has a lot of problems.

The UK supports Country by Country reporting standards and publishes study minimising transfer mispricing impacts on development

June 26, 2009

Finance ministers meet (sic) in Berlin on Tuesday 23rd June to review the international crackdown on tax havens. The meeting was organised by the French and German finance ministries and was also attended by Hans-Rudolf Merz, Swiss finance minister. Interestingly, this meeting has been the occasion for the UK to announce its support for Country by Country reporting in order to fight aggressive tax avoidance, informs recent article in the Financial Times.

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