CRA and IRS Update

Matthew Wall CRA Updates, Tax, Transfer Price

The CFO.com magazine published “Transfer Pricing: A World of Pain” which opens with the line “Yet another unwelcome side effect of the global recession: hungrier international tax authorities” regarding tax audits in the USA, Canada and other countries.

IRS Update

Matthew Wall Tax, Transfer Price

MDW explained the IRS took action against offshore accounts involving thousands of Swiss bank accounts held by U.S. taxpayers and will be prosecute anyone filing a false tax return.

CICBV Conference

Matthew Wall Transfer Price

Matthew Wall and Alice Kim, who is a member of the Competent Authority at the Canada Revenue Agency, spoke at the Canadian Institute of Chartered Business Valuators conference on transfer pricing and valuation issues for Business Restructuring.

CRA Update

Matthew Wall CRA Updates

MDW explained the CRA endorsed the Discussion Draft on Business Restructuring published by the OECD, and a Montreal company was reassessed millions for business restructuring.

CRA and IRS Update

Matthew Wall CRA Updates, Tax

MDW explained the CRA’s new T106 form for reporting related party transactions, the IRS’ new rules for contract manufacturing, and the IRS hired 100 more auditors for transfer pricing.

CRA Update

Matthew Wall CRA Updates

MDW explained the CRA’s latest Transfer Pricing Memo (TPM-12) for requesting an Accelerated Competent Authority Procedure (ACAP) to cover the year(s) subsequent to the Reassessment.

The Journal – Winter 2009

Matthew Wall Transfer Price

The Industrial, Commercial and Institutional Accountants published “Business Restructuring: new opportunities and concerns” by Matthew Wall.