Renowned tax and transfer pricing professionals from industry, including Caterpillar, Nissan Europe, The Dow Chemical Company, Hewlett-Packard, Dell, Alstom, Lexmark International and Brown-Forman, along with officials from the OECD and the IMF, have agreed to share their industry experiences of some of the most difficult and contentious issues in transfer pricing.
Leading transfer pricing professionals from industry including Caterpillar, Nissan Europe, The Dow Chemical Company, Hewlett-Packard, Dell, Alstom, Lexmark International and Brown-Forman, along with officials from the OECD and the IMF, have agreed to share their industry experiences of some of the most difficult and contentious issues in transfer pricing.
Rules imposed on contract R&D centres earlier this year by the Indian government have been relaxed and amended after it transpired foreign multinational companies would incur a tax liability for outsourcing more of their R&D activities to India.
While the OECD is tackling base erosion and profit shifting (BEPS), with a strong focus on e-commerce, its project will still have an impact on non-OECD countries, whether they choose to implement its recommendations or not because of the OECD’s monopoly on best practice.
Transfer pricing regimes in Asia are developing quickly. With India’s advance pricing agreement programme, a growing culture for dispute in China and changes to Indonesia’s legislation, to name but a few recent developments, it is important taxpayers keep themselves up to date with best practice.
Transfer pricing regimes in Asia are developing quickly. With India’s advance pricing agreement programme, a growing culture for dispute in China and changes to Indonesia’s legislation, to name but a few recent developments, it is important taxpayers keep themselves up to date with best practice.
