Welcome to our latest round-up on recent international transfer pricing developments.
The key recent development was the release of the OECD’s public consultation document on "Addressing the tax challenges of the digitalisation of the economy". This initiative is likely to significantly reshape the international tax system for many businesses, well beyond digital businesses. Read further details here.
In the UK the significant development was the introduction of HMRC’s Profit Diversion Compliance Facility (PDCF). The PDCF is aimed at multinational enterprises with a risk of HMRC challenge in relation to what is described as "profit diversion". Read further details here.
On the EU front, it is worth mentioning the new EC’s state aid investigation into the Netherlands’ tax treatment of Nike.
You will find more information about the key recent developments below.
