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The TP melting pot

The TP melting pot
27 May 2014

First published in Global Banking and Finance Review, 27 May 2014 

Transfer pricing application differs widely across East and West, causing uncertainty around what the future will hold for multinationals. Practical steps to retain flexibility and ensure efficient tax administration for both taxpayers and revenue authorities were discussed at the Taxand global conference 2014 hosted by Taxand China in Shanghai.

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Taxand's Take

The disparity between interpretation and enforcement of transfer pricing standards across East and West remains a significant source of multi-jurisdictional disputes, as global bodies and individual countries adapt and evolve the rules. This dichotomy creates an uncertain environment as well as a compliance burden for multinationals navigating the melting pot of transfer pricing standards across the world.

Taxand's Take Author