Tax & Accounting Blog

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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

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Bloomberg BNA Transfer Pricing Forum Examines Treatment of Secret Comparables

By Kevin Bell A survey of practitioners from 26 countries found that nine jurisdictions—Argentina, Australia, Canada, China, Germany, India, Italy, Mexico, and Switzerland—use secret comparables to varying degrees, in violation of Organization for Economic Cooperation and Development transfer pricing guidelines. However, the May survey by Bloomberg BNA’s Transfer Pricing Forum also found that Austria, Belgium, … Read More

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Connect With ONESOURCE At Oracle OpenWorld

ONESOURCE will be highlighting our latest suite of tax and accounting solutions at Oracle OpenWorld September 22-26 in San Francisco. The Thomson Reuters ONESOURCE suite of tax and accounting solutions enables Oracle clients to bridge the gap between their financial systems and tax processes. Eliminate the burden of managing multiple sources of financial data. Leave … Read More

Announcing the 2013 ktMINE Royalty Rate Resource Guide

Announcing the 2013 ktMINE Royalty Rate Resource Guide

We are pleased to introduce ktMINE’s Royalty Rate Resource Guide 2013 Edition. This guide provides a comprehensive report on global licensing royalty rates and an analysis of value within specific industries, which can help transfer pricing and valuation analysts seek clarity when benchmarking IP transactions.. The industry insights within this guide are meant to provide … Read More

European Union establishes new commission to monitor tax base erosion efforts

European Union establishes new commission to monitor tax base erosion efforts

On April 23, 2013, the European Union announced the formation of The Platform of Good Tax Governance.  The Platform is composed of both government and non- government tax experts to keep member states on their toes and up-to-date on the current political momentum to prevent tax base erosion. The Platform is designed to foster discussion … Read More