n Tax Breaks Newsletter - Groundbreaking tax settlement for multinationals in SA : transfer pricing

Volume 2006, Issue 249
  • ISSN :



Extracted from text ... October 2006 7 TRANSFER PRICING Groundbreaking tax settlement for multinationals in SA By KATHY THERSBY employees. FOREIGN multinationals operating in South Africa need to pay careful attention to a recent groundbreaking tax settlement between a UK-based pharmaceutical group, and the US Internal Revenue Service (IRS). Last month, the pharmaceutical company agreed to pay $3, 1 billion to settle a transfer pricing tax dispute that arose for tax years 1989 through to 2000. The parties have also come to an arrangement for tax years 2001 to 2005. 8 October 2006 Moneyweb's TAX BREAKS TRANSFER PRICING Personal Finance Live will be broadcast ..

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