In keeping with the recent trend of scrutinizing transfer pricing, the US Senate’s Permanent Subcommittee on Investigations conducted a hearing on “Offshore Profit Shifting and the US Tax Code” on September 20, 2012. This article discusses the hearing, which examined the shifting of profits offshore by US multinational corporations. It was originally published in TP Week. Click here to read.
OECD issues guidance on transfer pricing implications of COVID-19
The Guidance is not prescriptive and leaves solutions to the issues that it raises unanswered. We note that the Guidance is not binding on tax administrations...