Apple’s European headquarters are in Ireland and, like many multinationals, it transfers its profits from one country to another in order to pay as little tax as possible. This is not illegal, but according to the commission: “Tax rulings may involve state aid within the meaning of EU rules if they are used to provide selective advantages to a specific company or group of companies.”
Representatives of countries across the world will gather Thursday to participate in a special meeting of the OECD Committee on Fiscal Affairs on the base erosion and profit shifting (BEPS) project.
The Government is introducing a formal bilateral APA program to implement the proposals contained in Action 14 of the base erosion and profit shifting project and to provide greater certainty in relation to the taxation of cross-border transactions entered into by multinational corporations. Until now, Ireland accepted requests for bilateral APAs on an ad hoc basis in situations where a tax treaty partner agreed to enter into a bilateral APA negotiation.
In the ACQ Global Awards 2016 edition, more than 160,000 votes were registered and with that, Grupo Consultor EFE™ has been selected as winner in three different categories: • MEXICO – TRANSFER PRICING FIRM OF THE YEAR. • LATAM – TRANSFER PRICING FIRM OF THE YEAR. • MEXICO – AUDIT AND ASSURANCE FIRM OF THE YEAR.
With a tax inspection into all Vietnamese outlets of retailer Big C set for completion later this month, local tax authorities are also considering the possibility that transfer pricing activities have taken place.