Australia recently published additional guidance on advance pricing arrangements (APAs).
According to the Australian Tax Office (ATO), these arrangements may play an important role in providing taxpayers with the “needed assurance” that their cross-border dealings are in compliance with the transfer pricing arm’s-length standard.
Ireland extends the investigation of Apple tax case. Sources suggest up to eight billion in additional taxes.
Ireland said it expects a ruling soon on whether its favorable transfer pricing rulings for Apple violated EU state aid rules. The European Commission has been investigating EU tax practices and already has ruled that Luxembourg and the Netherlands issued illegal rulings for a Fiat unit and Starbucks. This article discusses Ireland’s and Apple’s comments on the investigation.
G-20 finance ministers approved the final BEPS measures. The package includes new minimum standards on country-by-country reporting, treaty shopping and tax practices. The heads of state of the international forum are expected to vote on the package at their next summit in Turkey. This article offers details of the final measures.