Tuesday October 20, 2020

High stakes in transfer pricing

Despite mechanisms to handle disputes, dealing with a transfer pricing issue can be a time-consuming and costly process for businesses

18th October, 2020
The latest statistics available tell us that there are over 6,000 open transfer pricing cases in MAP processes for resolution globally

Transfer pricing is fast becoming the number one tax priority on the agenda for finance and tax professionals and, given the amounts involved, is also a priority in the boardroom.

Tax authorities around the world are aggressively seeking to tax additional profits of multinational groups by challenging the design and implementation of group transfer pricing policies. This has led to a proliferation of many protracted transfer pricing disputes between taxpayers and tax authorities – usually...

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