Transfer Pricing

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Last week, Medtronic Plc suffered a legal setback in its bid to avoid a $1.4 billion U.S. tax bill — a ruling that may have costly implications for other multinationals battling the Internal Revenue Service over the use of overseas payments to lower their taxes.

India will introduce new tax rules on Wednesday, the finance ministry said, in a move aimed at reducing litigation with multinational companies over transfer pricing.

New Delhi:Shell India today said it will challenge a notice by authorities alleging tax evasion by under-pricing share transfer between member companies on the ground that the order was based on incorrect interpretation of regulations.

London, Jan 31 (Prensa Latina) The UK Times today uncovered an alleged tax evasion plot, involving the non-governmental organization (NGO), Trust Cup, one of the largest in the country.

South Africa’s transfer pricing and thin capitalisation regime, as contained in Section 31 of the Income Tax Act (58/1961), has undergone some extensive changes over the past two years.

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