OrbitaxItalian Supreme Court Emphasizes the Importance of Appropriate Comparable Selection by Tax Authority for Transfer Pricing Adjustment
|Approved Changes|Italy
The Italian Supreme Court (Corte Suprema di Cassazione) recently issued two related decisions concerning transfer pricing adjustments made by the Italian Revenue Agency in regard to purchases made by an Italian company from related Chinese companies. The Italian company, UFI Filters SpA, paid Chinese companies UFI Filters (Shanghai) Co. Ltd. and Sofima Automotive Filter (Shanghai) Co. Ltd. for …
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