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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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.
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.
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.
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.
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.
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?
Recent Tax Audit Activity: Challenges to Intercompany Pricing From Around the Globe
Transfer Pricing Innovation Forum: From Policy to Practice
This event has reached capacity. Stay tuned for insights following the conference.
OECD International Tax Conference
SAP SAPPHIRE Now
TEI Region VIII Seattle
TEI Region II Atlantic City
TEI Region VII Hilton Head
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