Today, Taxand and IBFD announce the launch of the Global Guide to Transfer Pricing 2014.
In the Taxand Global Survey 2014, transfer pricing was considered the most challenging aspect of global taxation by multinational CFOs and the past year has seen yet more challenging developments for this area of taxation. We have seen heightened involvement from governments as well as non-government organisations, all driving for large scale global change – the OECD's Action Plan on BEPS (Base Erosion and Profit Shifting) being just one.
The OECD's BEPS Action Plan aims to reconsider tax rules and includes new requirements, such as "country-by-country" reporting which means that multinationals will be asked to disclose specified financial and tax information about each of the jurisdictions in which they do business. Through increased documentation standards and the rise in scrutiny of transfer pricing systems, it is more crucial than ever for multinationals to understand the global transfer pricing arena.
With valuable intangibles, companies cannot assume that their transfer pricing policies, supporting analysis and documentation will comply with the new principles. The Taxand Global Guide will help inform companies of the legal environment in each country they operate in, allowing multinationals to make a thoughtful evaluation of their arrangements.
The Global Guide to Transfer Pricing 2014 brings you:
• an overview of the current transfer pricing laws
• guidelines and methodologies in practice
• standardised chapters, with quick and easy comparisons
• insight from 35 countries, globally
• the official text of 2010 OECD Transfer Pricing Guidelines
With the majority of legislation changes taking effect in the remainder of this year, multinationals have a small window of opportunity to ensure their house is in order. Understanding the global transfer pricing landscape and impact of the BEPS legislation is of paramount importance.
This guide is designed to be a reference tool. Multinationals should then seek advice to appraise their approach to transfer pricing.