The European Commission has opened three in-depth investigations to examine whether decisions by tax authorities in Ireland, The Netherlands and Luxembourg with regard to the corporate income tax to be paid by Apple, Starbucks and Fiat Finance and Trade, respectively, comply with the EU rules on state aid. The opening of an in-depth investigation gives

Asian countries are actively taking part in the Organisation for Economic Cooperation and Development (OECD)’s plan to halt tax avoidance and evasion. The OECD’s Action Plan is far reaching and will help support local Asian countries’ tax systems in order to protect tax bases against base erosion and profit shifting, which is in the origin

IRS Transfer Pricing Audit Roadmap

Thursday, 24 July 2014 by

The Transfer Pricing Operations (TPO) of the Large Business and International (LB&I) division of IRS released the 26-page Transfer Pricing Audit Roadmap to the public on February 14, 2014. The Transfer Pricing Audit Roadmap (“Roadmap”) provides audit procedures around an approximate 24-month audit timeline. The stated goals of the roadmap are to assist both the IRS and

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