MAY 21, 2013 | having difficulty Viewing this email? view THE online version

Welcome to the Tax-News weekly newsletter, carries topical headlines and features on international tax, legal, economics, business and investment issues.

Latest Tax-News Special Feature

Transfer Pricing

With the topic of corporate tax avoidance receiving attention in the global news media as never before, the world's revenue authorities are paying closer attention to transfer pricing.

Survey after survey informs us that transfer pricing is now the top concern for multinationals in the area of taxation, and as Governments pour resources into policing this area taxpayers now have to be ever more vigilant to ensure that intra-group transactions meet arm's length standards set out in national transfer pricing regulations.

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Latest Tax-News

Van Rompuy Outlines Ecofin Meeting Agenda

Combating tax fraud and evasion "has become essential for the political and social acceptability of fiscal consolidation," European Council President Herman Van Rompuy has argued in a letter to finance ministers.
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CBI President Calls For International Tax Rules To Be Fixed

The head of the Confederation of British Industry has called on politicians to "fix the rules internationally" on taxation rather than moralize, while also warning business leaders to ensure their tax affairs stand the test of public opinion.
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Luxembourg May Take Legal Action Over FTT

The Luxembourg Finance Ministry has recently issued a statement clarifying the Grand Duchy's position on the planned introduction of a financial transactions tax in 11 European Union member states, within the framework of enhanced cooperation.
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French Levies Reach Record Heights In 2012

According to the French national statistics office Insee, the rate of compulsory levies in France reached a record level of 45 percent of gross domestic product in 2012, compared to 43.7 percent in 2011.
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US Again Leads Global Fund Investor Experience Ranking

Morningstar, Inc. has released its 2013 Global Fund Investor Experience report, which evaluates investor-friendly practices in fund markets across North America, Europe, Asia and Africa, and in which the United States is again assessed as the best market for fund investors based on criteria such as investor protection, transparency, fees, taxation and investment distribution.
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HMRC Accentuates The Positive In Statements On Performance

HM Revenue and Customs has made announcements relating to its performance, including the claim that customer service standards "are at their highest levels since HMRC was formed in 2005," and that a recent court case has put "to rest the fallacy that HMRC is soft on large businesses."
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Featured Event

TP Minds Americas - IBC’s Americas Transfer Pricing Summit 2013

5th - 6th June 2013, The Biltmore Hotel, Miami, Florida

IBC’s Americas Transfer Pricing Summit - TP Minds Americas - will assemble dozens of heads of transfer pricing in some of the world's largest corporations and a senior audience bringing together TP leaders from the US, Latin America and Europe.

As conference media partners, we can offer you a 10% discount off the delegate booking fee  - quote FKW52556LTL upon registration to claim your double-discount.

The summit will include keynote speeches from prominent policy makers:

  • Joseph Andrus, Head of Transfer Pricing Unit, OECD - on the relationship of OECD transfer pricing work to its work on base erosion and profit shifting (BESP).
  • Samuel Maruca, Director of Transfer Pricing Operations, INTERNAL REVENUE SERVICE (US) on the new audit dynamic at IRS level.
  • Michael Lennard, Chief Intl. Tax Cooperation & Trade, FfDO, UNITED NATIONS - on the new UN Manual of Transfer Pricing and its objectives.

Corporate speakers include:

  • Mark Freed, Head of Global Transfer Pricing, INTEL CORPORATION
  • Graeme Wood, Global Head of Transfer Pricing, PROCTER & GAMBLE
  • John Megna, VP of Tax, TOSHIBA OF AMERICA, INC.
  • Gregory Potts, Senior Director of State Tax Controversies, WALMART
  • Mohammed Iqbal, Global Head of Transfer Pricing, DEUTSCHE BANK
  • Kathryn O’Brien, Global Transfer Pricing Leader, GENERAL ELECTRIC
  • Carlos Perez Gautrin, Senior Manager, Global Transfer Pricing and International Tax, LEXMARK INTERNATIONAL
  • Brian Sturtz, Director, International Tax & Global Transfer Pricing, UNIVAR
  • Mimi Song, Vice President & Unit Head of the Transfer Pricing Unit, THE BANK OF TOKYO MITSUBISHI
  • Christopher Eichner, Senior Tax Manager, MONSANTO COMPANY
  • Ron Mulder, Head of Transfer Pricing, ROYAL BANK OF CANADA
  • Nancy Chassman, Global Head of Tax Controversy, AIG

…and many more

To register please fill in the online booking form here:

If you have any questions about this summit, please contact IBC on:
Tel: +44 (0) 20 7017 7432