Transfer Pricing Links 09/07/2014
What’s Behind The Brain Drain At The IRS? – Forbes (C Bergin)
“Two weeks ago it was announced that Michael Danilack, deputy IRS commissioner (international), IRS Large Business and International Division (LB&I), was leaving. Last week brought two other resignations from the same division: Samuel Maruca, director of transfer pricing, and Diana Wollman, director of international strategy. This week we learned Laura Prendergast — acting deputy commissioner (domestic) is leaving as well. What the heck is going on, and why should we care about international tax administration?”
Ireland Engaging In International Tax Talks – Tax-News.com (L Charalambous)
“Ireland’s Government is working towards a global solution to challenge aggressive tax planning in the context of the Organization for Economic Cooperation and Development’s (OECD’s) base erosion and profit shifting (BEPS) work, but a change to Ireland’s corporate tax policy is off the cards, according to Eamon Gilmore, Ireland’s Minister for Foreign Affairs & Trade.”
China tightens tax noose on companies with overseas assets – South China Morning Post (T Han Shih)
“Beijing has announced a new regulation designed to improve the central government’s tax collection from overseas mainland companies, including those controlled in Hong Kong.
On Thursday, the State Administration of Taxation announced a new rule that required greater disclosure by mainland companies of their overseas investments and income.”
Egypt to adopt international taxation policy to avoid double taxation: Finance minister – Daily News (M Ayyad)
“Minister of Finance Hany Kadry Dimian has announced plans for Egypt to take on a policy of tax sharing internationally in an effort to protect the Egyptian taxpayer from double taxation. This is within the framework of government procedures to increase revenue and reform an exhausted economy.”
Robert Robillard, CPA, CGA, MBA, M.Sc. Econ.
Senior Partner, DRTP Consulting Inc.
514-742-8086; robertrobillard “at” drtp.ca
DRTP Consulting Inc. solutions go beyond transfer pricing and international tax solutions. This blog post originally appeared at rbrt.ca. The information in this blog post is general information only. Data and information come from sources believed to be reliable but complete accuracy cannot be guaranteed. DRTP Consulting Inc. or the author are not responsible or liable for any error, omission or inaccuracy in such information. Readers should seek advice and counsel from DRTP Consulting Inc. as required.