Global News
Become A Transfer Pricing Professional With The Online Study Trainer And E-Exam
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October 10th, 2019
Become a Transfer Pricing Professional with the online study trainer and e-exam: the most unique training package in the world!
The Transfer Pricing Professional online training consists of 2 online courses:.
Guernsey Publishes Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures
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October 3rd, 2019
A Briefing Note on the Mandatory Disclosure Rules on Common Reporting Standard (CRS) Avoidance Arrangements and Opaque Offshore Structures (the Note) was published by the Guernsey Revenue Service.
Details of the notes .
US And France Reach A Compromise Over Digital Services Tax
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August 27th, 2019
During a joint press conference with U.S. President Donald Trump, French President Emmanuel Macron announced that a compromise has been reached regarding the French Digital Services Tax (DST), which has been strongly opposed by the U.S. as unfairly targeting U.S. companies.
French tax on tech giants .
Guinea, Namibia and Honduras join the fight against tax evasion
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August 27th, 2019
Guinea, Namibia and Honduras have joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 155th, 156th and 157th members. By joining the Global Forum they are announcing their commitment to implement both the international standard of exchange of information on request and the standard on automatic exchange of financial account information .
Ireland To Shift Its Tax Allure To Non Tax Feature After BEPS 2.0, Group Warns
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August 21st, 2019
The Organisation for Economic Cooperation and Development (OECD) announced a new programme of work, which described as BEPS 2.0. It introduces further reforms to the framework for international taxation.
US Ride-Hailing Company Creates a $6.1 Billion Dutch Tax Deduction to Reduce Paying Taxes
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August 13th, 2019
Uber Technologies Inc. created a $6.1 billion Dutch tax deduction that will help the company reduce its global tax bill for years to come. Uber generated the outsized deduction by moving some of its offshore subsidiaries to different countries as a result of new European Union rules governing multinational companies.
International Consortium Of Investigative Journalists Publishes 'Mauritius Leaks' Data
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July 25th, 2019
The International Consortium of Investigative Journalists (ICIJ) has published data on over 200 companies as part of its 'Mauritius Leaks' investigation. The report found that multinational companies abuse the favorable tax treaty of Mauritius to avoid paying taxes.
OECD introduces Analytical Database on Individual Multinationals and Affiliates (ADIMA)
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July 25th, 2019
Multinational Enterprises (MNEs) have been at the forefront of changes in the global economy over the last few decades, as trade and investment barriers have been removed and transportation and communication costs have declined. In a world of global value chains, understanding MNEs – where they are, how they operate, and where they pay taxes – has never been more important.
US Senate Adopts Controversial Exchange Of Information In Their Ratified Protocols To Tax Treaties With Japan, Switzerland and Luxembourg
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July 19th, 2019
The U.S. Senate approved updates of tax treaties with Switzerland, Japan and Luxembourg that had been stalled for years over taxpayer privacy concerns. The updates approved a day after ratifying a similar update of a treaty with Spain.
UN Releases Updated Tax Treaty Manual With Anti-Avoidance Language
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July 11th, 2019
The UN has published a new version of the Manual for the Negotiation of Bilateral Tax Treaties between Developed and Developing Countries . First published in 1978, the Manual is prepared by the UN’s Committee of Experts on International Cooperation in Tax Matters.
Saint Lucia’s House of Assembly Agrees To Income Tax Amendment (2) Act
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June 27th, 2019
The Government of Saint Lucia announced that its House of Assembly has agreed to the Income Tax Amendment (2) Act. This ensures that an international business company (IBC) would not give any benefit to companies that might violate OECD standards.
US Pharmaceutical Giant Moves Its Headquarter To US from Ireland For Tax Purposes
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June 27th, 2019
AbbVie Inc. and Allergan plc. announce that the companies have entered into a definitive transaction agreement under which AbbVie, headquartered in US, has acquired Allergan on June 24, 2019. By that, one of US's pharmaceutical giants is coming back to the U.
IRS investigates The Transfer Pricing Position Of US Ride-Hailing Company
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June 6th, 2019
Uber Technologies Inc. is being examined by U.S. tax authorities and said that its potential tax charges in a number of key markets could change. The ride-hailing company expects unrecognized tax benefits to be reduced within the next year by at least $141 million.
OECD Releases Workplan On New Rules For Taxing Digital Multinational Enterprises
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June 4th, 2019
The Organization for Economic Co-operation and Development (OECD) released its document Program of Work to Develop a Consensus Solution to the Tax Challenges Arising from the Digitalization of the Economy.
Following a Policy Note released in January 2019, the Inclusive Framework has continued to develop the proposals presented earlier under the two Pillars used to organize the ongoing work.
Tax Justice Network Reveals New Ranking Of Corporate Tax Havens Behind Breakdown Of Global Corporate Tax System
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May 31st, 2019
Noting the report published by IMF, forty per cent of today’s cross-border direct investments, which are around $18 trillion in value, are being booked in just 10 countries that offer corporate tax rates of 3 per cent or less. In this regard, Tax Justice Network (TJN) published the Corporate Tax Haven Index to identify which countries most responsible for the breakdown of the global corporate tax system.
Israeli Court Rules Bitcoin Is An Asset Subject To Capital Gain
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May 23rd, 2019
The Israeli court has ruled that bitcoin is an asset and not a currency, and thus subject to capital gains tax (CGT). Therefore it is in feud over tax payment.
EU Planning To Remove Bermuda, Aruba and Barbados From Tax Haven Blacklist
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May 14th, 2019
The European Union is planning to remove the British overseas territory of Bermuda, the Dutch Caribbean island of Aruba and Barbados from the bloc’s blacklist of tax havens at a meeting on May 17. The removals are due to the changing of their corporate law.
UN Tax Committee To Update The United Nations Practical Manual On Transfer Pricing For Developing Countries
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April 11th, 2019
The UN Committee of Experts on International Cooperation in Tax Matters published a draft document to update the United Nations' Practical Manual on Transfer Pricing for Developing Countries. The draft includes a new chapter on financial transactions, revised text on profit splits, and revised text on establishing transfer pricing capability, risk assessment and transfer pricing audits.
UN Tax Committee Proposes To Update The Model Tax Treaty
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April 5th, 2019
The UN Committee of Experts on International Cooperation in Tax Matters published several documents in tax matters. Two of the documents are discussing possible updates to the UN Model Double Taxation Convention between Developed and Developing Countries commentary on permanent establishments and beneficial ownership.
OECD Proposals Undermine The Arm’s Length Principle
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March 29th, 2019
The Organisation for Economic Cooperation and Development (OECD) recently released a policy note (approved by the 127 members of its Inclusive Framework (IF)), hosted a webcast and held a public consultation meeting to consider possible solutions to the tax challenges arising from digitalization of the economy.
The policy note recognizes that the digitalization of the economy is pervasive, raises broader issues, and is most evident in, but not limited to, highly digitalized businesses.

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