Saturday August 15, 2020

Revenue planning to audit multinationals' tax policies

The Irish tax authority is to audit the transfer pricing policies of multinationals, a key tax arrangement that assists major corporations to reduce their tax bills.

20th July, 2013

The Irish tax authority is to audit the transfer pricing policies of multinationals, a key tax arrangement that assists major corporations to reduce their tax bills.

Confidential briefing notes reveal that officials from the Revenue's large cases division are currently hatching plans to conduct full audits on company compliance with transfer pricing legislation.

Transfer pricing is where multinationals sell goods or services to other group companies, usually in another country. The move is used by...

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