IEIM140100 - Overview
The International Compliance Assurance Programme (ICAP) is a voluntary programme facilitating multilateral engagements between Multinational Enterprise groups (MNE groups) and tax administrations. ICAP involves a high-level risk assessment of transfer pricing and permanent establishment risks and is designed to provide increased tax certainty for both MNE groups and tax administrations. Central to ICAP is the concept of open and transparent dialogue between the MNE group and the participating tax administrations.
ICAP provides MNE groups with an outcome letter that sets out how each participating tax administration views the level of risk for the years reviewed. An additional 2 years comfort may be provided as part of a roll forward period if the transactions are viewed as low risk. Whilst ICAP does not provide legal certainty, it does give an added level of comfort over the transactions considered within the risk assessment. As such ICAP is a resource efficie
Marlowe Completes £10M Acquisition Of WPL
Wastewater treatment and compliance services provider WPL has been acquired by specialist services company Marlowe for an enterprise value of £10M. Marlowe is the UK leader in specialist services that ensure safety and regulatory compliance for its clients.
WPL, based in Waterlooville, UK, will join the Environmental Engineering Division that forms part of Marlowe’s grouping of water and air industry companies with collective annual sales in excess of £100M and over 1,200 employees. The group brings together other well-established and respected companies including WCS Services, Guardian Water, B&V Chemicals, Clearwater and Atana.
Alex Dacre, chief executive of Marlowe, said: “The acquisition of WPL marks another significant step in the development of our strategy for water and air compliance services.