Transfer Pricing Report

Companies Urged to Shore Up Defenses as IRS Audits Get Tougher

Tax authority wins in blockbuster transfer pricing cases this year have captured the attention of multinational companies and their tax advisers worldwide—sparking a scramble to strengthen procedures and defend against more effective federal and state audits.

Liberty Global Says Foreign Asset Sale Ruling Means a Double Tax

Liberty Global Inc. risks being double-taxed by the US on the proceeds from its $3.2 billion sale of a Japanese telecom affiliate because the US Tax Court mistakenly interpreted rules for sourcing income, the broadband service provider told a federal appeals court.

ConocoPhillips Quietly Settles Louisiana Profit-Shifting Lawsuit

The Louisiana Department of Revenue confidentially settled a major tax lawsuit against ConocoPhillips Co., but declined to reveal whether the oil and gas giant paid any of the estimated $700 million in back taxes, penalties, and interest the state initially sought.

Australia Delays Interest-Deduction Guidance to Late 2024

Australian authorities have pushed back plans to begin issuing guidance on new rules that limit deductions on multinationals’ interest payments on their debt.

Norway Floats Updated Beneficial Ownership Register Rules

Norway is seeking feedback on updated rules for accessing a soon-to-launch beneficial owner register, the country’s finance ministry announcedTuesday.

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Latest Stories

Week in Insights: Tourist Taxes Must Reconcile Conflicting Goals

This week, experts examined New York’s retroactive tax regulations, tax insurance’s transfer pricing benefits, and more.

Dutch Court Confirms Tax Treatment of Foreign Investment Funds

The Dutch supreme court dismissed an appeal brought by a German investment fund seeking a refund of dividend tax withheld by the Netherlands between 2002 and 2008.

Companies Urged to Shore Up Defenses as IRS Audits Get Tougher

Liberty Global Says Foreign Asset Sale Ruling Means a Double Tax

Switzerland to Implement Global Minimum Tax Rule Next Year

Switzerland will implement one of the key rules of the global minimum tax starting next year.

Tax Bill, Appropriations Loom as Lawmakers Come Back (Podcast)

Lawmakers return to Washington next week for the final sprint of legislating before the November elections, on the heels of a failed tax bill vote, and with an appropriations deadline fast approaching.

Cummins Fails to Escape C3.ai Trade Secrets Suit Over Fuel Tool

Cummins Inc. failed to earn the dismissal of C3.ai’s trade secrets lawsuit accusing the engine maker of misusing confidential information about a fuel optimization AI tool to develop its own product.

UK Premier League Club Uses Accounting Move to Avoid Penalties

A prominent UK premier league soccer team has escaped a possible points deduction on an accounting technicality, denting the league’s attempts to rein in spending.

Corporate Tax Growth Spurs 17% Rise in Singaporean Tax Revenue

Singapore collected S$80.3 billion ($61.6 billion) in tax revenue for the financial year 2023-2024, a 17% increase from the previous fiscal year.

Labour’s Non-Dom Crackdown Could Cost UK £1 Billion a Year

Scrapping a preferential tax regime for wealthy foreigners living in the UK could cost the Treasury around £1 billion ($1.3 billion) a year in lost revenue and drive away global elites.