The need for comprehensive and consistent transfer pricing documentation has never been stronger.
The Organisation for Economic Cooperation and Development base erosion and profit shifting (BEPS) project—combined with a sharper focus on intercompany fees and allocations by some non-tax regulators—is causing multinational companies to reassess their compliance processes and resource requirements. To navigate this increasingly onerous regulatory environment, multinational companies must take a common-sense approach. This requires having in place efficient processes to analyze, benchmark, document, and defend their related-party transactions. To that end, certain “rules of the road” need to be considered.
Read an October 2017 report [PDF 82 KB] prepared by KPMG LLP: What’s News in Tax: Common-sense Transfer Pricing Compliance in a BEPS World
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