The Multistate Tax Commission (MTC) is set to revamp its transfer pricing collaboration and enforcement initiatives following the first public meeting of its State Intercompany Transactions Advisory Service (SITAS) Committee in over four years.
We invite you to join us on Friday, 21 May 2021, as we take a closer look at the future of disputes in Asia Pacific. Our 90-minute webinar features a panel discussion on the “Digital Transformation of Disputes”.
In the latest edition of our Labor and Employment video chat series for US employers William Dugan, Krissy Katzenstein and Aleesha Fowler discuss key considerations for employers involved in high profile investigations
In an article published in Compliance and Risk Journal, we consider the data protection and privacy considerations in employee investigations and explain how to minimize associated risks for employers.
This weekly briefing is available on-demand and will cover hot topics and current enforcement actions related to white-collar crime and criminal investigations in the US and abroad to arm you with the information you need to start your business week. This week’s discussion will cover: “First Voluntary Self-Disclosure of Sanctions and Export Violations Leads to Settlement between Software Company and DOJ,” and “The Sudden Resignation of SEC Enforcement Director Alex Oh: What is Next For SEC Enforcement?”
This alert provides a snapshot on how authorities have adjusted their dawn raid practice and procedures to handle unannounced inspections during lockdowns, and what you need to do to adjust your internal dawn raid procedures to a “hybrid” work environment in which staff split their time between the office and home.
In the first episode, Nandakumar Ponniya, chair of the Asia Pacific Dispute Resolution Group, Cynthia Tang, head of the Hong Kong Dispute Resolution team, and Yoshiaki Muto, head of Tokyo’s Dispute Resolution team, discuss developments in commercial litigation around four key areas: (1) technology, (2) mediation, (3) international commercial courts, and (4) class actions in Asia Pacific.
The 2021 edition of Duties and Liabilities of Directors of Australian Companies from Baker McKenzie is a timely guide for directors of Australian companies, setting out pivotal issues for directors to consider in the current evolving corporate governance environment.
The COVID-19 pandemic has not gone away and the prolonged business issues will continue to affect various market…
The Russian Federal Tax Service (the “FTS”) has issued a letter clarifying the provisions of Article 54.1 of the Russian Tax Code on tax avoidance, outlining a methodology for tax inspectorates on how to identify misrepresentations of business operations, check material facts and intent to use sham or “fly-by-night” companies. It also provides taxpayers with criteria for counterparty due diligence, which should eliminate the possibility of their subsequent tax liability.
In addition, the FTS has finally admitted the need for so-called “full tax reconstruction” (a comprehensive reclassification of transactions previously applied only by the courts) and the ability to deduct actual expenses for corporate profits tax purposes and to offset input VAT on transactions with sham companies. However, this is possible only if a taxpayer discloses the actual suppliers and financial terms in such transactions.