The European Commission has appointed ten private sector tax experts to participate in the EU Transfer Pricing Forum on business taxation, as well as a Chairman of the Forum. Together with experts from Member States’ administrations, the business experts have the task of considering ways of reducing the high compliance costs and eliminating the double taxation that often arise in the case of cross-border inter-group transactions. These problems occur because of disagreements both between companies and tax administrations and between national tax administrations on the pricing of the transactions. The Commission made these appointments with the agreement of representatives of the Presidency of the EU’s Council of Ministers and of the European employers’ organisation UNICE. A first meeting of the Forum, which the Commission announced in its company tax Communication of 23 October 2001 (see IP/01/1468), is scheduled for early October 2002 and it will meet two or three times a year.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.