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Penalties in transfer pricing controversy: always show your working

by usoftax_admin | Sep 25, 2024 | Tax News

Multinationals attempting to avoid and mitigate penalties potentially arising from transfer pricing controversy could take a tip from standard exam advice. Eddie Morris and Aydin Hayri of Deloitte explain the importance of recording actions

Pillar one’s amount B: a simplified and streamlined approach, but uncertainties remain

by usoftax_admin | Sep 25, 2024 | Tax News

Vrajesh Dutia and Michael Nixon of Deloitte explain the nuances of amount B as jurisdictions consider its adoption, and outline the uncertainties and challenges involved

Puerto Rico Seeking Input On Implementing Global Min. Tax

by usoftax_admin | Sep 25, 2024 | Tax News

Puerto Rico’s Department of the Treasury is looking for public comments regarding possible implementation of the Organization for Economic Cooperation and Development’s 15% global corporate minimum tax on large multinational entities.

Swedish Tax Agency prevails in case involving TP and intangibles

by usoftax_admin | Sep 25, 2024 | Tax News

Åsa Edesten and Mazlum Yildiz of KPMG Sweden say there remains a lack of clear legal precedent on the impact of ‘control over risk’ in assessing contractual terms between related parties, despite a recent ruling

O’Neill troubled by conflicting accounts of PwC tax scandal

by usoftax_admin | Sep 25, 2024 | Tax News

The Australian senator told ITR that PwC is still trying to manage the saga as a PR issue rather than a systemic problem
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