Bloomberg Tax
Transfer Pricing Report

OECD Progressing on Finishing Global Tax Treaty By End of June

Officials at the OECD are still making progress on readying a treaty to reallocate global taxing rights for countries to sign by the end of June, according to a top official at the organization.

Advance Tax Agreements Growing in Popularity, Officials Say

More taxpayers are relying on mechanisms like mutual agreement procedures and advance pricing agreements in hopes of gaining certainty around how much tax they will pay, global tax officials said.

Companies Urged to Carefully Tailor Message in Public Tax Reports

A new reporting rule in the EU will soon subject tax information provided by multinationals to public scrutiny for the first time—a change that advisors warn should prompt them to more carefully craft their reports to withstand public analysis.

Australian Tax Commissioner Focuses on Profit Shifting Crackdown

Australian Tax Commissioner Rob Heferen has endorsed more crackdowns on company profit shifting via litigation and other avenues.

Country Benefits Welcomed in OECD’s Transfer Pricing Rules

Several countries are signaling interest in a new OECD framework aimed at simplifying intercompany pricing transactions.

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Mortar in the Cracks: New Amount B Guidance

Recent guidance from the OECD/G20 Inclusive Framework fills gaps in the Amount B architecture and provides valuable insight into which jurisdictions may implement Amount B, say KPMG practitioners.

Tax Developments

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Switzerland Cabinet Approves Draft Decree to Ratify Sixth Protocol to 1971 DTA With Germany

The Swiss Federal Council June 14 approved a draft decree to ratify the sixth protocol to the 1971 DTA with Germany, signed Aug. 21, 2023. The protocol includes measures to: ...

Lithuania Parliament Approves Law to Implement Pillar 2 Global Minimum Taxation

The Lithuanian Parliament (Seimas) June 6 approved Law No. XIV-2680/2024, to implement Global Anti-Base Erosion (GloBE) rules under Pillar Two of the OECD base erosion and profit shifting (BEPS) project, ...

Vietnam MOF Seeks Comments on Proposal to Amend Corporate Income Tax Law, Including for Pillar 2

The Vietnamese Ministry of Finance June 12 opened a consultation on a proposal to amend the corporate income tax (CIT) law. The proposal includes measures to: 1) amend the law ...


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