Thought leadership › Global guide
Taxand / IBFD 2013 Global Guide to Transfer Pricing
Today, transfer pricing is one of the most important issues facing MNCs as they attempt to fairly distribute their profits amongst each company in the group while dealing with tax authorities who are implementing transfer pricing regulations and strengthening enforcement in order to prevent a loss of revenue. The result of which is that transfer pricing controversies have become a major tax issue for companies.
Our Taxand / IBFD Global Guide to Transfer Pricing 2013 brings you:
- overview of the current transfer pricing laws
- guidelines and methodologies in practice
- standardised chapters, with quick and easy comparisons
- insight from 35 countries, globally
- the official text of 2010 OECD Transfer Pricing Guidelines
The role of multinationals in world trade has increased dramatically over the last 20 years. This in part reflects the increased integration of national economies and technological progress, particularly in the area of communications. The growth of multinationals presents increasingly complex taxation issues for both tax administrations and the multinationals themselves since separate country rules for the taxation of multinationals cannot be viewed in isolation but must be addressed in a broad international context.
Use this guide as a reference tool to get you started. Then consider seeking advice to approach transfer pricing not merely as a matter of risk management but also as a highly effective international tax planning tool, taking all areas of taxation into account.
As revealed by our Taxand Global Intangibles Survey 2013, political pressure + 2014 OECD TP guidelines change have been in the spotlight, and have provided a small window of opportunity for multinationals. Tax authorities are running out of ways to increase tax revenues. Without venturing into the poltically undesirable territory of tax rate increases, intangibles are one of the very few areas left to explore. Over 2013, scrutiny of intangibles and business restructuring arrangements is set to intensify. With political pressure and OECD changes due to take effect in 2014, there is a small window of opportunity for multinationals to make the necessary changes to TP policies, pricing and supporting documentation.