February 22, 2024 06:47 AMEU Parliament Committee Wants Transfer Pricing Law Sooner
By Jack McLoone
Three years of medical device company Medtronic's federal income tax returns are being audited by the Internal Revenue Service, the company said in a U.S. Securities and Exchange Commission filing.
By Maria Koklanaris
South Carolina lawmakers passed a bill Wednesday that would impose additional standards for when the state or a business can assert alternative apportionment when evaluating transfer pricing matters.
By David Hansen
Amgen had no obligation to disclose specific amounts of proposed adjustments to its taxes, the company told a New York federal court as it again demanded dismissal of a proposed class action alleging the company hid a $10.7 billion tax bill from investors.
By Kevin Pinner
Functional analysis of multinational corporate groups should be included in a list of factors that could highly influence market prices within a transfer pricing framework for lithium, industry groups and accountants told the OECD in letters published Monday.
By Jack McLoone
New Zealand is opting out of implementing the Organization for Economic Cooperation and Development's Amount B of Pillar One, a set of new streamlined transfer pricing rules, choosing to stick with its own standards instead.
By Bengt Ljung
A top European Commission official said he expects participating jurisdictions to sign a convention to implement the OECD's Pillar One plan for reallocating taxing rights in June as planned, but he admitted that subsequent ratification of the treaty will be difficult.
Multinational enterprises seeking relief from double taxation in a changing international tax landscape should consider utilizing the competent authority process, which provides both taxpayers and domestic tax regulators an efficient and effective means of dispute resolution, say David Farhat and Eman Cuyler at Skadden.
While the Louisiana Department of Revenue's recently announced transfer pricing managed audit program could resolve time-consuming, expensive audits for many taxpayers, companies nevertheless need to consider the attendant risks in participation, say Jaye Calhoun and William Kolarik at Kean Miller.
As the Organization for Economic Cooperation and Development overhauls the global tax rules on base erosion and profit shifting, and the Biden administration rolls out new U.S. tax proposals, multinational enterprises need to prepare for the effects of these tax changes on their transfer pricing structures, say Mandy Li and Shuang Feng at MGO.
February 16, 2024 04:54 PMLow Revenue May Drive US To Rethink Anti-Erosion Tax
February 16, 2024 05:05 PMMedtronic Urges 8th Circ. To Undo Transfer Pricing Ruling
February 16, 2024 07:09 PMManufacturers Back 3M In 8th Circ. Transfer Pricing Case
February 15, 2024 06:58 PMChamber, Others Back 3M In Transfer Pricing Appeal
February 14, 2024 05:57 PMTech Group Backs 3M In 8th Circ. Transfer Pricing Appeal
February 13, 2024 08:15 PMThink Tank Says US Should Undermine OECD Global Tax Deal
February 8, 2024 07:00 PM3M Tells 8th Circ. IRS Used Invalid Regs To Allocate Income
February 7, 2024 06:42 PMIRS Memo Highlights Tensions In Arm's-Length Loan Pricing
February 2, 2024 05:00 PMEaton Asks Court To Agree To Block IRS Summons
January 30, 2024 05:12 PMIndia's APA Network Rivals Germany And China, Report Says
January 29, 2024 06:17 PMInt'l Pricing Method Much Faster Than Others, Report Says
January 26, 2024 02:57 PMHMRC Transfer Pricing Inquiries Took 5 Months Longer
January 26, 2024 01:43 PMBiz Lobby Urges That BEFIT Wait On Stable Global Tax Rules
January 23, 2024 06:21 PMChile Aims To Rework Anti-Avoidance And CFC Rules
January 19, 2024 04:41 PMUN Could Further OECD's Progress In Global Tax Diplomacy
January 16, 2024 06:44 PMUK Businesses Favor Aligning Transfer Pricing With OECD
January 9, 2024 06:34 PMGlobal Min. Tax Expected To Halve Profit Shifting, OECD Says
January 5, 2024 11:46 AMEU Transfer Proposal Risks Double Taxation, Biz Group Says
January 5, 2024 04:01 PMEaton Corp. Need Not Heed IRS Summons, Judge Advises