Through the authority of the Minister of Finance, Government of Indonesia has issued regulations to taxing crypto assets transactions. Although the legal position is still ambiguous, the Minister of Finance chose to go one step further by issuing tax regulations on crypto-asset transactions by applying value added tax (VAT) and withholding tax (WHT) starting in April 2022.

Oct 22, 2020 · By Dr. J. Harold McClure, New York City. The United Nations Committee of Experts on International Cooperation in Tax Matters will consider updates to the United Nations Practical Manual on Transfer Pricing for Developing Countries at its 21st session, which commenced October 20. Included is a new country practice chapter for Kenya.

Jun 10, 2020 · By Francesca Amaddeo, Researcher, Tax Law Competence Centre (SUPSI), Manno, Switzerland. On 4 June, the Platform for Collaboration on Tax, a joint initiative of the IMF, OECD, UN, and World Bank Group (WBG), released its new toolkit concerning the taxation of offshore indirect transfers.

Nov 30, 2020 · Dr. J. Harold McClure is a New York City-based independent economist with 26 years of transfer pricing and valuation experience. He began his transfer pricing career at the Internal Revenue Service and has worked for some of the Big Four accounting firms as well as a litigation support entity.

Dec 20, 2021 · International tax researchers Noopur Trivedi and Jitesh Golani discuss key highlights of the OECD's much-awaited global anti-base erosion (GloBE) model rules, released on December 20, along with a commitment by the OECD to …

Mar 10, 2021 · By Ritu Shaktawat, Partner & Krutika Chitre, Senior Associate, Khaitan & Co, Mumbai, India. The Supreme Court of India on 2 March has put to rest a long-standing contentious issue surrounding the characterisation of income in the hands of non-resident software manufacturers and suppliers in a landmark judgment in the case of Engineering Analysis Centre of Excellence Private Limited (Civil ...

Dec 7, 2021 · By Doug Connolly, MNE Tax. The US Court of Appeals for the Sixth Circuit in a December 6 decision held that Whirlpool must pay taxes on more than USD 45 million in profits for which the appliance manufacturer had evaded paying taxes by shuffling the income through a Luxembourg subsidiary with a single part-time employee.. Although the arrangement enabled Whirlpool to avoid taxes on the income ...

Apr 8, 2021 · 4 • We wish to end the race to the bottom over multinational corporate taxation and establish a tax architecture in which countries work together towards more equitable growth,

Apr 11, 2022 · By Dr. J. Harold McClure, New York City. On March 16, the Norwegian tax authority prevailed in its challenge to the intercompany interest rates paid by a Norwegian borrowing affiliate of ConocoPhillips in Norway vs ConocoPhillips Skandinavia AS (Court of Appeal, Case No LG-2021-38180). The intercompany interest rate was set at the six-month Norwegian interbank rate (NIBOR) plus a 1.25 percent ...

James Tong is a Trainee Solicitor, Corporate Commercial at Deacons, Hong Kong’s largest and longest established independent law firm. He is a graduate of the University of Hong Kong with two degrees of Bachelor of Business Administration (Laws) and Bachelor of Laws prior to his completion of the Postgraduate Certificate in Laws at the HKU.