Transfer pricing

Transfer pricing: using technology to avoid the pitfalls

While some of the most sophisticated companies struggle to implement effective transfer pricing practices, enabling technologies are enhancing its potential

Failure to address the difficulties many companies face with transfer pricing can lead to significant business risks, such as financial reporting issues, increased tax liabilities, and higher costs in terms of intercompany accounting and tax compliance. ...

Brazil clarifies its position on transfer pricing

Navigating international transfer pricing standards can be done in Brazil – even though it’s not member of OECD, says Deloitte

For investors, the economic view of Brazil has always been twofold: on the one hand, there are good opportunities for sustainable growth; on the other hand, there is suspicion and concern about the direction in which Brazil is marching, economically and p...

The complications and opportunities in transfer pricing

Poorly implemented transfer pricing can lead to regulatory sanctions, tax penalties and reportable condition disclosures, write Komal Dhall, Transfer Pricing Principal, and Jerry Klopfer, Tax Principal, at professional services firm KPMG

Financial institutions are facing increasing regulatory scrutiny following the recent financial crisis; the significant rebound in financial sector profits is drawing periodic and aggressive tax audits from jurisdictions around the world. Frequently, a ce...

India looks to relax transfer pricing rules

Amendments to the Income Tax Act 2009 are to be finalised in an attempt to reduce tax litigation with multinational IT companies

The Indian government, in a bid to reduce the number of transfer pricing audits and the subsequent legal proceedings against multinational corporations that then follow them; have decided to adopt new safe harbour provisions, which will be added to existi...

Ukraine passes new pricing law

Despite fierce opposition, Ukrainian president Viktor Yanukovych signed a new law on transfer pricing that will require companies to be more open about their use of controlled transactions

Under the new law, which should come into effect on September 1, government officials will take a harder stance against domestic and international firms trying to move their money abroad to avoid paying taxes. According to Oleksandr Klymenko, Ukraine’s ...

Managing complexity in intercompany transfer pricing

Anthony Bevacqua and Jerry Klopfer of KPMG discuss the growing difficulties experienced by organisations trying to safeguard against the pitfalls of intercompany arrangements. Collaboration between operations and information technology is key

Many multinational companies struggle with the resource-intensive requirements to manage intercompany arrangements, which can involve complex collaboration among people in tax, finance and accounting, operations and information technology. Large multinati...

The companies keeping responsibility at arm’s length

With over half of all global transactions now occurring between related parties, tax authorities worldwide are tightening the rules governing transfer pricing

Transfer pricing is one of the most important considerations when it comes to the taxation of international and cross-border transactions. Essentially, transfer pricing occurs when a parent company and its subsidiary, or two subsidiaries, embark uponbuy g...

Getting to grips with Brazil’s transfer pricing legislation

Since 1997, transactions between Brazilian and foreign companies have been subject to controversial legislation. In September this year, that legislation changed, meaning businesses looking to make deals in the area might need to catch up

Brazil does not follow the Organisation for Economic Cooperation and Development’s (OECD) guidelines. Brazilian transfer pricing legislation sets out specific methods for pricing of transactions between Brazilian and foreign affiliates. These methods va...

Deloitte: Transfer pricing tax disputes may affect Brazilian development

The challenges associated with the enactment of transfer pricing laws have been escalating gradually

The management of tax consequences associated with intercompany transactions entered by Brazilian taxpayers has been challenging since Brazil implemented local transfer pricing rules through the enactment of law 9,430/96, in force as of January 1, 2007. T...

Calls for new and better regulation have resulted in the introduction of a number of financial regulations during recent years. Sean Tuffy of Brown Brothers Harriman wonders whether the new regulations really provide investors and markets with a safety net to prevent another financial crisis

Brown Brothers Harriman: misuse of regulation is harming investors

Calls for new and better regulation have resulted in the introduction of a number of financial regulations during recent years. Sean Tuffy of Brown Brothers Harriman wonders whether the new regulations really provide investors and markets with a safety net to prevent another financial crisis

The flight attendant’s safety speech has become so familiar and iconic that most air passengers know it by rote, and very few people ever take the time to listen to it – let alone consider if the safety measures described actually provide safe...

Transfer pricing runs ragged across Africa

Sociopolitical difficulties threaded throughout the continent make transfer pricing regulations in Africa a lot more difficult to

Transfer pricing has become the number one method of moving capital out of Africa. Multinational corporations also use this device as a favoured way to avoid taxes. When goods or products are moved from a country with a low tax rate to one with a higher t...

In the UK, HMRC has been trying for some time to tighten up on transfer pricing regulations

Transfer pricing regulations aim for transparency

In the UK, HMRC has been trying for some time to tighten up on transfer pricing regulations

The majority of countries now have legislation in place governing the pricing of transactions between companies that are related. These are normally tax rules forming part of the State Administration of Taxation, but they are nevertheless based on the bas...

Accounting rules only fair

Banks and politicians have been trying to dump the fair value accounting rule. Given our current economic circumstances that would prove only to be a mistake

Accounting rules are boring, technical and understood by only a very few people. That makes them the perfect target for bankers and politicians scrambling around for a credit crunch scapegoat. It wasn’t our greed, stupidity or complacency that cause...

Industry prepares to be wrapped in more red tape

International watchdogs must ensure consistency of market rules, says Luke Jeffs

The regulatory burden for banks, brokers and fund managers trading in Europe is set to increase this year, as the authorities try to improve their oversight of an increasingly complex business. However, regulators must ensure there is consistency between ...

The Securities and Exchange Commission has high hopes for XBRL reporting, but it needs to convince companies of the benefits

Looking for a successful outcome

The Securities and Exchange Commission has high hopes for XBRL reporting, but it needs to convince companies of the benefits

When a software company says it can make useful business information available “at the click of a mouse”, it always pays to be suspicious: truly valuable insights are rarely that easy to come by. But when the claim is being made by Christopher...

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