As part of the Base Erosion and Profit Shifting (BEPS) project, the OECD has issued a call for comment on a discussion draft of additional guidance on Action 10 Profit Splits, designed to clarify the application of transfer pricing methods, in particular the transactional profit split method, for multinationals using global distribution and procurement networks

Major global companies including BP, ExxonMobil and Unilever have joined a US group whose aim is to introduce a $40 (£31.60) tax on carbon emissions

The Serious Fraud Office’s (SFO) immediate future appears to be secure after references to a potential merger with the National Crime Agency (NCA) were left out of the Queen’s Speech