Transfer Pricing


Over the past 12 months, the transfer pricing environment has undergone a significant change including high-profile developments, such as the introduction of the Organisation of Economic Co-operation and Development’s (OECD) base erosion and profit shifting initiative, which have heavily impacted the transfer pricing arena, providing infinitely more scope for addressing disclosure, intangibles, risk and dispute […]


European Parliament Agrees Corporate Tax Rulings Inquiry


On February 12, 2015, Members of the European Parliament (MEPs) voted in favour of setting up a special parliamentary committee following the Luxembourg Leaks scandal last year which revealed how Luxembourg had struck tax deals with individual companies. The committee will look into the advance tax ruling practices, and other similar measures, including unfair tax […]


Cyprus Removed From Spain’s Blacklist


Succeeding the entry into force of the double tax agreement between Spain and Cyprus the Spanish Ministry of Finance has announced that Cyprus has been formally removed from the Spanish tax authorities’ blacklist of countries regarded as tax havens along with 14 other territories including Singapore, Andorra, Hong Kong and UAE. Due to the formal […]


Shipping Drives Cyprus Recovery


The island of Cyprus which gracefully lays in the Mediterranean has been under much scrutiny over the past six months or so and has been exposed to the world for the crisis which hit hard and which brought about the ‘bailout’. The spotlight was on but for all the wrong reasons. However, there is always […]