• Transfer Pricing

Transfer pricing continues to be a burning issue on multiple, converging fronts.While globalisation and the continued growth of international trade have made inter-company pricing an everyday necessity for many businesses, the drumbeat of new regulations, audits, enforcement actions – and sharply higher penalties – continues to grow louder.

In an era of fiscal shortfalls, tax authorities see transfer pricing as a soft target, and more and more countries are implementing new transfer pricing documentation requirements. At the same time, transfer pricing strategies are increasingly the subject of unwanted controversy — with the phrase ‘transfer pricing’ frequently used in the same sentence as ‘tax shelters’ or ‘tax evasion’ on the business pages of newspapers.

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