Increases in Global Trade & Foreign Direct Investment Highlight Need for Transfer Pricing Clarity
With inter-country trade and investment on the rise for many multinationals, minimising conflict and ensuring cooperating across borders is as important as ever. Against this backdrop, Taxand, the world’s largest organisation of independent tax advisors to multinational businesses, today announces the launch of the Taxand IBFD Global Guide to Transfer Pricing 2012, which incorporates the official text of the latest OECD Transfer Pricing Guidelines.
The guide details the complex international landscape of transfer pricing rules and regulations across 36 countries. and is an essential desktop guide for those actively working in the field of transfer pricing.
Taxand’s recent global survey of multinational CFOs highlighted transfer pricing as one of the most important issues and challenging areas of tax facing multinational companies. This news comes despite the fact that companies are becoming more familiar with compliance demands, whilst also developing their relationships with tax authorities.
Multinationals are particularly challenged by Transfer Pricing in Asia where companies have endured a steep learning curve following a 50% increase in Transfer Pricing legislation over the past 5 -10 years.
Antoine Glaize, Global Transfer Pricing Leader at Taxand, commented: “Across much of the globe we are seeing harmonised systems with consistent approaches to transfer pricing principles in place. Despite this, we still have a few select countries working to slightly different rules and practices, and others that have some catching up to do in terms of enforcement; this is most notable in emerging markets, especially in Asia, where the transfer pricing knowledge base is relatively low amongst the tax authorities.
“Multinationals are continually increasing their knowledge and understanding of the complexities of transfer pricing principles globally. However, the rising levels of authorities scrutinising financial transactions from a transfer pricing standpoint is starting to cause some concern amongst multinationals. We hope that the Taxand IBFD global guide to transfer pricing is an essential reference for multinationals.”
Discover more & order your very own copy: Taxand IBFD Global Guide to Transfer Pricing 2012
For further information please contact:
Abigail Tarren, COO
T. +44 (0)207715 5243