Mutual agreement procedures after self-adjustments: new perspectives in Italy

Paolo Ludovici and Luca Tortorella of Gatti Pavesi Bianchi Ludovici highlight two recent Italian tax court decisions regarding admissibility to mutual agreement procedures where the double taxation derives from self-adjustments rather than formal assessments

Portugal: Proposed EU directive on TP harmonisation and coordination

Multinational enterprises that conduct intra-group transactions in EU jurisdictions should be closely monitoring a proposed transfer pricing directive, say João Velez de Lima and André Vilaça Ferreira of Vieira de Almeida

EY expert: TP departments less than ready for compliance

Luis Coronado suggests companies should embrace technology to assist with TP data reporting, as the ‘big four’ firm unveils a TP survey of over 1,000 professionals

Kenya plans TP database to crack down on tax evasion

The proposed matrix will help revenue officers track intra-company transactions from multinationals

Italian Supreme Court issues decision on interest-free intercompany loan

Federico Vincenti and Carola Valente of Valente Associati GEB Partners/Crowe Valente analyse a significant addition to Italy’s case law on the application of transfer pricing regulations to interest-free loans between related parties

Fieldfisher launches Milan office with TP expertise

The new, fully integrated office will also offer M&A, dispute resolution, IP and corporate tax services

This week in tax: PwC and Google join forces to aid client compliance

The new tech partnership will assist clients worldwide with pillar two; in other news, UK accountancy firm MHA completes a regional merger

Unpacking the TP dimension of funding arrangements in the banking sector

Ralf Heussner, Anodri Suchdeve, and Fangying Xu of Deloitte examine the transfer pricing challenges arising from an increasing number of intra-bank funding arrangements as stricter capital requirements trigger the attention of regulators and tax authorities

IRS seeks $2.7bn in taxes from Walgreens Boots Alliance

The retail pharmacy chain owner ‘intends to vigorously defend’ its TP position

Mazars appoints ex-Deloitte TP partner in London

Jeremy Brown arrives at the firm after a near 16-year career with Deloitte