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Comment: Far from representing the lack of economic patriotism of US companies, the trend of inversions out of the US is indicative of just how antiquated the US tax code is.

The Central Board for Direct Taxes (CBDT) in India has given taxpayers an extra two months to file their Tax Audit Report (TAR) for the Assessment Year 2014-2015 because of changes it made in July to the forms required. However, there is no extension for the filing of income tax returns, which are still required by September 30.

Howard Adams

Niyazi Çömez

The Glaxo decision is a positive one for businesses; however, the Supreme Court of Canada (SCC) has sent a clear signal that the transfer pricing policy established for each related party transaction matters and the transfer prices in the case of multiple transactions, such as the licence of a trademark and the supply of both goods and services, will be carefully scrutinised, argue Claire M.C. Kennedy of Bennett Jones and Brad Rolph, president of Transfer Pricing Specialists.

A spate of recent examples indicates that inversion transactions are as popular as they have ever been, with Pfizer’s attempted deal with AstraZeneca highlighting that companies in the pharmaceuticals industry are increasingly using the inversion option. William Fry Tax Advisors, the Irish member firm of Taxand, look at why this is, and analyse why Ireland is proving to be the location of choice for newly-formed companies post-inversion.

Aneta Blazejewska-Gaczynska of Ernst & Young looks at how recent hearings from the Polish courts and the planned changes to the law affect transfer pricing

More and more employees are being sent on temporary foreign assignments by their companies, but fail to think of the tax implications. There are, however, many risks inherent in foreign assignments, explains Ulrike Hasbargen of EY.

Publicly-traded companies seemingly have an affinity towards Ireland. Is it purely a pursuit of the Emerald Isle’s temperate climate that attracts them? Conor Hurley and Ailish Finnerty of Arthur Cox analyse the factors influencing taxpayer decisions to locate in Ireland, debunking the idea that such decisions are solely tax-driven.

Andrea Bazzo Lauletta and Flavio Mifano of Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga to address recent experiences with the financial transaction tax (IOF) regime as a policy-making tool by the Brazilian government and look at the impact of the changes implemented over time and the extent to which such changes have been effective.