As an active participant in the OECD’s base erosion and profit shifting (BEPS) project, India has implemented nearly all the BEPS recommendations and has taken several steps to amend the country’s domestic tax laws appropriately. The Indian Finance Act, 2016 implemented BEPS Action Item 13 by introducing a three-tiered transfer pricing documentation structure and made it effective from the 2016-17 financial year.
Former Microsoft Tax Counsel, Mike Bernard, has joined US tax technology solutions company Vertex, Inc as the Chief Tax Officer. Bernard will succeed Peggi Rockefeller.
The OECD on March 16 released its Interim Report on the Tax Challenges Arising from Digitalisation, noting a lack of consensus among countries on either the merit or the need for interim measures to address the tax challenges posed by the digital economy.
In his recent address to the Irish Tax Institute, Ireland’s Finance Minister, Paschal Donohoe, outlined views on critical tax issues such as the country’s low corporate tax rate, the impact of US tax reforms, and digital taxation.
An amending Protocol to the UK-Mauritius tax treaty was signed on February 28, 2018.
Global Tax Management, Inc., leading US corporate tax services firm, has added transfer pricing specialist Kevin Croy to the firm’s international tax practice.
By Alex Cooper
US Congressman David Valadao has urged Treasury Secretary Steven Mnuchin to renegotiate the US tax treaty with Armenia with a view to ending double taxation currently imposed on businesses in both countries.
By Alex Cooper
The US Internal Revenue Service (IRS) has increased user fees for advance pricing agreement (APA) requests filed from July 1, 2018, with a further increase from January 1, 2019.
Global law firm Morgan Lewis has added to its Chicago tax team Joshua Richardson, Adam Beckerink, and Michael Liu, who will assist the firm’s clients operating in the aftermath of historic changes in the US tax laws.
On February 7, 2018, the Indian tax authority announced that it entered into two bilateral advance pricing agreements (APAs) in the month of January 2018.