Transfer Pricing Links 29/03/2014
Transfer Pricing Leaders to Meet at Bloomberg BNA and Baker & McKenzie North American Conference in Washington DC
“ARLINGTON, Va., March 25, 2014 /PRNewswire-USNewswire/ — Bloomberg BNA and Baker & McKenzie’s North American Transfer Pricing Conference, following closely after the Organization for Economic Co-operation and Development (OECD) meeting in Washington, DC, will bring together top OECD and IRS officials along with transfer pricing experts, to offer the OECD’s latest insights and thinking regarding its intangibles discussion draft, drafts on safe harbors and timing issues, and Action Plan on Base Erosion and Profit Shifting (BEPS). The conference takes place June 4-5 at the Omni Shoreham in Washington, DC.”
US Corporate Tax Rate Deterring Foreign Investment: Tax-News (M Godfrey)
“The most significant concern of chief financial officers of foreign-owned companies investing in the United states is the corporate tax rate, according to a survey undertaken by PwC and the Organization for International Investment.”
UK Pushes For Canada-EU FTA Conclusion: Tax-News (R Lee)
“UK Trade Minister Lord Livingston has called for a speedy conclusion to a planned trade agreement between the European Union (EU) and Canada, which could benefit UK firms by up to GBP1.3bn (USD2.2bn) a year.”
ATO Launches Offshore Tax Amnesty: Tax-News (M Swire)
“The Australian Taxation Office (ATO) has launched a new amnesty campaign to encourage taxpayers to disclose omitted income or over-claimed deductions relating to their offshore activities.”
IRS Virtual Currency Guidance : Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for Property Transactions Apply
“WASHINGTON — The Internal Revenue Service today issued a notice providing answers to frequently asked questions (FAQs) on virtual currency, such as bitcoin. These FAQs provide basic information on the U.S. federal tax implications of transactions in, or transactions that use, virtual currency.”
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.