Expert Resources

Take advantage of our free expert resources, written by the experts at LCN Legal, based on their practical experience of working with multinational groups and their advisers across the globe. If you are interested in these areas, you may wish to bookmark this page to check back regularly for new information.

Paul Sutton

“A blatant revenue grab”

This was the reaction from Kevin Brady, Chairman of the US House of Representatives Ways and Means Committee, to the announcement in last week’s budget in the UK regarding the proposed introduction of a ‘Digital Services Tax’: “The United Kingdom’s introduction of a new tax targeting cross-border digital services – which mirrors a similar …
Paul Sutton

Should Intercompany Agreements be put in place between a ‘parent’ company and its own permanent establishment / branch?

This question came up again last week on a transfer pricing project (many thanks to AH and NA for raising it!). The issue was how the relationship between ‘parent’ company and its own branch / permanent establishment (PE) should be documented – and specifically the use of a memorandum vs a document in the style of an agreement. The first and most …
Paul Sutton

A slightly embarrassing one for the legal profession

One of the questions we asked at a private discussion group we co-hosted earlier this year was: what’s the biggest hurdle which large corporates face when putting in place intercompany agreements for Transfer Pricing compliance? The response from the head of TP of a well-known brand was: our lawyers constantly amending and adding to each others’ …
Paul Sutton

How to major in minor things

Here’s an experiment you can do if you’re a parent, after a weekend with your children: remember how many things they have done which triggered inappropriately intense emotions in you. Here are some of the things on my list: Leaving the tops off felt tip pens Colouring themselves with felt tip pens Colouring walls with felt tip pens Having an unwiped, …