In this Part 3, we explore the KSA’s historic approach to penalties and the motivation to develop transfer pricing-specific penalties. For sake of illustration, we will review the IRS reasons for enactment of transfer pricing-specific penalties, the substance of those penalties, and the IRS...

In this article, Altawyan overviews the tax rules for Islamic finance to help lawmakers and policymakers in the United States and other countries develop laws or guidance on sharia-compliant financial activities and transactions