Integration of financial markets and opening up of economies to allow free movement of goods and services has led to enormous growth in intra-group transactions.
Besides drawing the attention of revenue authorities worldwide, Transfer Pricing is one of the most challenging tax issues and a key influence on a company’s worldwide tax burden. It impacts every aspect of the supply chain – R&D, procurement, manufacturing, marketing, distribution and customer support.
A multinational company’s ability to keep on low effective tax rates, domestically or across multiple jurisdictions, can impact its market valuation, and the way in which the issue is handled in a transaction can be critical in determining the success of a business venture.
As more and more economies take on board the concept of Transfer Pricing regulations, new rules, documentation standards and penalties are being enacted to enforce and administer the regulations. This impacts the tax planning, compliance and reporting obligations of multinationals.
Evolving business structures necessitate review of Transfer Pricing models, and it is here that the Transfer Pricing solutions offered by BMR can help clients to achieve the desired objective.
Taxand / IBFD Global Guide to Transfer Pricing
Taxand has collaborated with the IBFD to produce an essential desk top “ready reference” guide to transfer pricing worldwide. The official text of the new (just released in September 2009) OECD Transfer Pricing Guidelines and information provided by Taxand transfer pricing specialists in 29 countries are incorporated. The result is a comprehensive guide to help multinationals deal with changing legislation and the need to drive efficiencies through restructuring in these difficult times. To know more about the guide and how to order your copy, click here.