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The Interconnectedness of Transfer Pricing, Pillar 2, and Tariffs
by Palesa Sansole, WTP Advisors ———- Blinders restrict a horse’s rear vision, ensuring it remains focused straight ahead. A partner I once worked with at one of the Big 4 firms stressed the importance of maintaining peripheral vision when navigating tax matters. This advice resonates with me, particularly when considering the interconnectedness of transfer pricing,…
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Australia First!
Read more: Australia First!By Kash Mansori, WTP Advisors Posted: May 18, 2015 Country by country reporting is officially here! At least in Australia. It becomes the first country* to officially announce its intention to require that multinationals reveal exactly where they are reporting their income and paying (or not paying) taxes. The Australian Financial Review comments: This year’s budget includes…
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Value Creation and the Lightbulb
Read more: Value Creation and the LightbulbBy Kash Mansori, WTP Advisors Posted: May 06, 2015 Last week the famous (infamous?) BEPS project released a discussion draft on the topic of how activities that create intangibles should be remunerated. According to existing guidelines and practice, when multiple entities work together to create an intangible, each entity is rewarded according to its share of the costs…
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Small Countries Taking Big Bites
Read more: Small Countries Taking Big BitesBy Kash Mansori, WTP Advisors Posted: April 30, 2015 Even relatively small countries can raise substantial tax and transfer pricing issues for the world’s largest multinationals. Take Denmark, for example. A couple of years ago the Danish tax authorities (“SKAT”) announced that they would be making a significant enforcement push with regard to transfer pricing. Recently…