On February 14, 2014, the Transfer Pricing Operations office of the Internal Revenue Service (IRS) released the Transfer Pricing Audit Roadmap (the Roadmap). The Roadmap is intended to provide IRS exam teams with the tools and guidance necessary to identify early in the examination those transfer pricing issues that merit pursuing, and then to assist the teams in developing more defensible adjustments. The Roadmap also provides taxpayers with insight into what they can expect during transfer pricing examinations. This article identifies the key themes of the Roadmap, summarizes the proposed phases of the transfer pricing audit, and considers ways in which taxpayers can use it to prepare for transfer pricing audits.
Enforcement of anti-bribery and corruption laws around the world is at an all-time high. Regulators are attacking corruption by wielding older weapons, such as the 1977 U.S. Foreign Corrupt Practices Act (FCPA), and by using new ammunition like the 2010 U.K. Bribery Act.
If your company does business in any foreign country, there’s a risk that bribes could be hiding in plain sight. To know what they look like and where to find them, you first need to understand the anatomy of a bribe.
In this section, we provide brief updates on regulatory developments in auditing and accounting that may impact Japanese companies in the United States.
In this section of Jnet, we provide brief updates on legislative, judicial, and administrative developments in tax that may impact Japanese companies operating in the United States.
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