Tax & Accounting Blog

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September 2013 Sales & Use Tax Rate Changes

Back to school and more tax rate changes; among the changes for September 1, 2013 were: Rate Changes Alabama: Arab 5.0%; Arab Police Jurisdiction 2.5%; Marion 3.0%; Marion Police Jurisdiction 1.5%; Pelham 4.0% (for general, agricultural, and manufacturing sales and use taxes). Ohio: Ohio state 5.75%. New Authorities Indiana: Cloverdale 1.0% (prepared food and beverages). … Read More

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Japan: Officials Keep Up Transfer Pricing Heat on Taxpayers (except related to the Adobe Japan court decision)

In October 2008, a Japanese court for the first time ruled in favour of a taxpayer in a transfer pricing case. The Tokyo High Court rejected a transfer pricing assessment that had been imposed by the Japanese tax authority on Adobe Systems Co Ltd (the Japanese affiliate of Adobe Systems Inc). The company’s petition had … Read More

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Indian Expert Committee Report on the Software Industry: Analyzing the Impact

By Gaurav Shah, MZSK & Associates, Mumbai Gaurav Shah is an associate director with MZSK & Associates, a member firm of the International BDO Network, in Mumbai. Indian captives engaged in software development and software R&D work have long faced transfer pricing challenges, the most important being the margins expected of such captives by the … Read More