Caleb Harshberger

Washington, D.C., United States

Associate Reporter at Bloomberg Industry Group

Reporter at @tax—prev @bgov @TriangleBIZJrnl @ButlerEagle

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Articles

Alcoa Win in Australia Tax Case Shows Legal Strategy Is Crucial

1 day ago | news.bloombergtax.com | Caleb Harshberger |Deborah Nesbitt

The Australian tax authority’s decision not to appeal its loss against Alcoa Corp. demonstrates the importance of companies’ ensuring that their transfer pricing positions can stand up to possible court challenges, according to practitioners. The agency confirmed Tuesday that it wouldn’t appeal a recent ruling clearing a subsidiary of the aluminum producer of claims it owed A$214 million ($138 million) in taxes on alumina sales to a government-controlled smelter in Bahrain.
Mexican Audits, Dutch MAP Uptick: Transfer Pricing Report

1 week ago | news.bloombergtax.com | Caleb Harshberger

Hello and welcome to this week’s Transfer Pricing Report. Tax authorities this week got to tout the fruits of their labor beefing up transfer pricing capacities in recent years, from announcements showing off increased revenue from audits and more closed tax dispute resolution cases to progress on regulations in the works.
Wealthy UK Business Owners Report Tax Risk Motivators, Barriers

1 week ago | news.bloomberglaw.com | Caleb Harshberger

Business tax risk appetite correlates with personal tax risks High motivations, low barriers fuel risky behavior on taxesUK business owners who take risks with their taxes seem to carry their tendencies over to their personal taxes as well, a new study commissioned by the country’s tax authority found.
Wealthy UK Business Owners Report Tax Risk Motivators, Barriers

1 week ago | news.bloombergtax.com | Caleb Harshberger

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
New German Audits Add to Microchip Technology’s Tax Fights

1 week ago | news.bloombergtax.com | Caleb Harshberger

Arizona semiconductor maker Microchip Technology reported new tax adjustments from German tax authorities this year, adding to the ongoing disputes the company has already been facing with Malaysia and the US. German tax authorities told Microchip Technology in January that they are seeking up to $92 million, including penalties, in unpaid taxes over royalty payments and intellectual property transfers, according to the company’s annual financial filing May 23.
Dutch Tax Dispute Resolution Cases Increased Amid Demand Spike

1 week ago | news.bloomberglaw.com | Caleb Harshberger

The Netherlands saw an uptick in pending multilateral tax dispute resolution cases last year, as new requests outpaced an increase in cases that the country’s recently launched tax dispute team resolved. The Dutch tax authorities closed last year with 972 pending mutual agreement procedures and bilateral or multilateral advance pricing agreements—an uptick from the year before, despite resolving more cases, according to a Monday report.
Oil Prices Fuel 2023 Tax Revenue Dip in Latin America, Caribbean

1 week ago | news.bloombergtax.com | Caleb Harshberger

Economic stumbles and dips in global oil prices led to a small drop in tax revenues collected by Latin American countries in 2023, according to a new report. Tax revenues as a share of GDP fell by an average 0.2 percentage points in Latin America and the Caribbean, bringing the average rate to 21.3%, the Organization for Economic Cooperation and Development said in a reportreleased Tuesday.
Mexico Sees Surge in Transfer Pricing Revenue in Past Five Years

1 week ago | news.bloombergtax.com | Caleb Harshberger

Mexican tax authorities reported a major spike in tax revenue from applying transfer pricing rules and procedures to large multinationals, the government said Monday. Between 2019 and 2024, the Tax Administration Service collected roughly 106.2 billion pesos ($5.5 billion) through the application of transfer pricing procedures to large taxpayers, the agency reported in a release—a 367% increase over the nearly 29 billion pesos collected in the 2013-2018 period.
IRS’s Win in Long Tax Court Battle Also Has Upside for Facebook

2 weeks ago | news.bloomberglaw.com | Michael Rapoport |Caleb Harshberger

May 23, 2025, 8:29 PM UTC Michael Rapoport Senior Reporter, Bloomberg Tax Meta and the IRS have been fighting for a decade over the tax implications of how costs for developing Facebook’s platform were shared between its US and Irish companies.
Facebook Wins Too, as IRS Prevails in Long Tax Court Battle

2 weeks ago | news.bloombergtax.com | Michael Rapoport |Caleb Harshberger

The US Tax Court’s long-anticipated ruling Thursday in Facebook’s big transfer-pricing battle with the IRS was a split decision—and not everyone agrees who came out ahead. The court sided with the IRS on the method and regulations it used to determine the value of assets under a cost-sharing arrangement between Facebook parent company Meta Platforms Inc. and its Irish subsidiary. Some tax professionals said the decision will ease the IRS’s pursuit of future cases against other technology companies.