Transfer Pricing Highlights – May 2014

Thomson Reuters Tax & Accounting Newsletters, ONESOURCE June 5, 2014

Welcome to the February edition of the ONESOURCE Transfer Pricing Newsletter, your monthly source for the latest transfer pricing news. Each edition will feature articles and insight to keep you apprised on current events in the transfer pricing industry, as well as exciting things we are working on at Thomson Reuters ONESOURCE.

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WHAT’S NEW

SPECIAL REPORT: LEVERAGING TECHNOLOGY IN THE EVOLVING TRANSFER PRICING LANDSCAPE

Thomson Reuters ONESOURCE has released a brand new report that explores how multinational corporations can build a defensible process in the midst of change and implement an end to end process that meets business needs.

>>Read More

NORTH SEA TAX CHANGE TO END DRILLERS’ 20-YEAR TAX HOLIDAY

UK Finance Minister George Osborne noted that the British tax authorities need to scrutinize intercompany lease rates paid by UK affiliates of oil drilling rig multinationals asserting that the deductions allowed by the tax authorities have historically been too generous.

>>Read More

GOOGLE REPORTS TAX ASSESSMENT FOLLOWING RAID OF FRENCH OFFICES

The French tax authorities have challenged the intercompany payments made Google’s Irish affiliate to the French commission affiliate asserting a substantial increase in French taxable income.

>>Read More

DUTCH COURT FINDS NON-ARM’S-LENGTH REMUNERATION FOR CAPTIVE REINSURANCE COMPANY

Dutch Court cases have been addressing the appropriate intercompany compensation for captive reinsurance activities.

>>Read More

CHINA BELIEVES DEVELOPED COUNTRIES OFTEN OVERPRICE INTANGIBLES, FORMER OFFICIAL SAYS

The Chinese SAT is asserting that non-Chinese based multinationals charge intercompany royalties in excess of the arm’s length standard.

>>Read More

Ask a Transfer Pricing Expert

Question: The British government and the IRS have recently challenged the intercompany lease payments by drilling rig affiliates in their jurisdictions to their parent corporations? How would you determine the arm’s length lease rates?

Click here to see the answer

 

Upcoming Events

WEBCAST:

Recent Tax Audit Activity: Challenges to Intercompany Pricing From Around the Globe

Date: Thursday, June 12
Time: 11:00 AM ET –
12:00 PM ET

Register


Transfer Pricing Innovation Forum: From Policy to Practice
June 10, 2014
New York, NY

This event has reached capacity. Stay tuned for insights following the conference.

OECD International Tax Conference
June 2, 2014 – June 3, 2014
Washington, DC

SAP SAPPHIRE Now
June 2, 2014 – June 5, 2014
Orlando, FL

TEI Region VIII Seattle
June 8, 2014 – June 11, 2014
Seattle, WA

TEI Region II Atlantic City
June 9, 2014 – June 10, 2014
Atlantic City, NJ

TEI Region VII Hilton Head
June 25, 2014 – June 29, 2014
Hilton Head, SC

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ONESOURCE Transfer Pricing Newsletter