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Chicago School Contractor Loses Energy Efficiency Tax Break

by usoftax_admin | Sep 25, 2024 | Tax News

The owner of a Chicago-based electrical contracting company isn’t entitled to an over $459,000 tax refund for upgrading Chicago Public Schools buildings with energy-efficient lighting because his company didn’t design the systems, only installed them, an...

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

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

Determining an arm’s-length range: countries’ experiences across Asia-Pacific

by usoftax_admin | Sep 25, 2024 | Tax News

Aaron Wang, Carlo L Navarro, and Rebecca Cook of Deloitte explain several Asia-Pacific jurisdictions’ differing approaches towards the construction of an arm’s-length range amid the shifting contours of the region’s transfer pricing landscape

Recharacterisation in transfer pricing audits: focus on Poland and Germany

by usoftax_admin | Sep 25, 2024 | Tax News

Mariusz Każuch, Inka Traeger, and Conrad Marburg of Deloitte consider tax authorities’ recharacterisation of intercompany transactions through drawing on recent practice in Poland and Germany, and suggest proactive measures global businesses can take

Cooperative and preventive programmes: the panacea to TP controversy?

by usoftax_admin | Sep 25, 2024 | Tax News

Carlos Serrano Palacio, Richie Lombard, and Bernardo Misle of Deloitte analyse recent measures to resolve tax uncertainty in a climate of increasing transfer pricing audits and controversy, and consider what further steps should be taken
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