Transfer Pricing Case Laws
Top 5 TP News
Bristol-Myers Squibb in Dispute with IRS over “Abusive Offshore Scheme”
According to the IRS, Bristol-Myers Squibb reduces its U.S. taxes by holding valuable intangibles in an Irish subsidiary. In a legal analysis, the IRS concluded that the Irish scheme saves ...
Airbnb under examination by the Internal Revenue Service for 2013 and 2016
Airbnb is under examination by the Internal Revenue Service for its income taxes in 2013 and 2016, according to the company’s December 2020 SEC filing. According to the filing a ...
Mining Company Oyu Tolgoi LLC receives a second Tax Assessment from the Mongolian Tax Authority
The Oyu Tolgoi copper-gold mine is a joint venture between Turquoise Hill Resources (which is 50.8 per cent owned by Rio Tinto), and the Mongolian Government. The Mongolian government has ...
Diageo – British multinational beverage and alcohol group – is facing various tax challenges
Diageo (British multinational beverage and alcohol group – owner of numerus brands including Jonny Walker, Captain Morgan, Gordons Gin, Smirnoff and Guinness) is facing difficult tax challenges according to the ...
OECD Guidance on the transfer pricing implications of the COVID-19 pandemic
Unique economic conditions arising from COVID-19 and government responses to the pandemic have led to practical challenges for the application of the arm’s length principle. For taxpayers applying transfer pricing ...