Tax & Accounting Blog

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OECD Draft Guidelines Expose Deficiency in Intangibles Analyses

The most recent OECD draft guidelines have highlighted a deficiency in the manner in which most Transfer Pricing experts prepare their intangibles analyses; specifically, in the application of the Comparable Uncontrolled Price Method (CUP). By omitting information in their analysis, Transfer Pricing experts are significantly reducing the accuracy of their transfer pricing position. Historically, … Read More

UK House of Commons Committee Pushes For Country by Country Reporting

UK House of Commons Committee Pushes For Country by Country Reporting

The Commons’ International Development Committee recommends country by country reporting by multinationals in a report released August 23, 2012. The report recommends unilateral adoption of country by country reporting and the continued support and encouragement of adoption within the EU of the concept. One focus of the report is the need to promote … Read More

YOUR QUESTIONS ANSWERED #3: SIC CODES AND THE INHERENT RISKS OF CONDUCTING IP ANALYSIS

YOUR QUESTIONS ANSWERED #3: SIC CODES AND THE INHERENT RISKS OF CONDUCTING IP ANALYSIS

For the third week, we’re addressing FAQs from our recent webcast “SIC Codes: Inherent Risks When Conducting IP Analyses.”  So far, we’ve responded to questions that came in from leaders such as licensing filing from the US SEC and why analysts still use SIC codes.  This week, we’d like to share another frequently asked questions on the complex topic of SIC Codes. … Read More

Six IRS Social Media Tools To Help With Your Tax Deadline

Six IRS Social Media Tools To Help With Your Tax Deadline

Look up any subject and literally — chances are there’s an app for that! It is not uncommon now for businesses to grow their presence on the internet via social media. What you may not be aware of is that the Internal Revenue Service (IRS) is also active on numerous social media platforms … Read More

Your Questions Answered #2: SIC Codes and the Inherent Risks of Conducting IP Analysis

Your Questions Answered #2: SIC Codes and the Inherent Risks of Conducting IP Analysis

Following our recent webcast “SIC Codes: Inherent Risks When Conducting IP Analyses,” dozens of follow-up questions came in from transfer pricing leaders.  Last week, we addressed one about why analysts still use SIC codes in their searches. This week, we’d like to share more frequently asked questions on the complex topic of SIC Codes. Q2: … Read More