LexisNexis® Legal Newsroom
Transfer Pricing Rules Don't Work. Should We Care?

The biggest tax issue for big business is transfer pricing and various other methods of shifting profits from high-tax countries to low-tax countries. For the U.S. government this has resulted in huge revenue losses. ... "[E]ffective tax rate"... is not usually used in policy analysis...

OECD Praises Itself Through G20 For Progress on Tax Evasion - But Is It Praiseworthy?

In a recent post on its website, the OECD says that the G20 has reported that "steady progress is being made towards tackling tax evasion more effectively." In an article I wrote in 2010, I called the G20 a syndicator of OECD tax views , since the G20 lacks an independent infrastructure in...

Horse Racing and International Tax

In international tax, ... A multinational can save hundreds of millions of dollars in tax by "selling" foreign rights to its intellectual property (IP) to a wholly-owned subsidiary in a tax haven. The key to success for a multinational is getting the IRS to allow it to sell at a low price....