With the categorization of " cooperating country ," taxpayers can " usufruct preferential tax regimes , without penalties applied to them to investments or business conducted in these countries "
European companies are mostly focused on the BEPS the rest of their peers in the world planning. Most companies headquartered in Europe (59%) are preparing for the BEPS, compared with 48% of companies in the Americas and Asia-Pacific.
A court fight this year between Microsoft and the Internal Revenue Service brought to light new documents outlining the deals that set up the company's structure. Additional court papers, corporate filings and tax records from four continents offer a rare, detailed look at the business of avoiding taxes.
How could these changes in transfer pricing documentation take effect in Venezuela? . One possibility could be based on an amendment to Chapter III of the Law on Income Tax ( LISLR )
Financial Services Minister Hon Wayne Panton says Cayman National’s US $6million settlement following a US tax evasion probe should serve as a lesson that tax evasion will not be allowed to flourish here.