Tax & Accounting Blog

Minimizing Transfer Pricing Risks with technology as APAC TP scrutiny increases

Minimizing Transfer Pricing Risks with technology as APAC TP scrutiny increases

The 2014 Golden Tax Summit Transfer Pricing Conference, held in Hong Kong, had a large presence of multinational corporations across the Taiwan, Hong Kong, and the Greater China areas.  During the conference, Thomson Reuters ONESOURCE held a workshop on how these organizations can improve their financial performance and optimize their transfer pricing compliance with local … Read More

OECD on Comparability Data for Developing Nations – Cart Before the Horse?

OECD on Comparability Data for Developing Nations – Cart Before the Horse?

The OECD recently released their draft paper titled Transfer Pricing Comparability Data and Developing Countries, which asks several important questions.  As I read this document, my two questions were: Is the OECD’s apparent call for having the choice of transfer pricing methodology being dependent on the nature of available data putting the cart … Read More

Transfer Pricing brings global industry experts together as it continues to be center stage for multinationals

Transfer Pricing brings global industry experts together as it continues to be center stage for multinationals

This year’s IBC International Transfer Pricing Summit (TP Minds) in London continued to highlight the debate that is currently raging across the tax profession: “Base Erosion and Profit Shifting.” BEPS is the current focus of the OECD which has produced a series of reports that could have a major impact on the taxation of … Read More

Operational Transfer Pricing – Going from the Tax Provision to New Documentation Requirements

Operational Transfer Pricing – Going from the Tax Provision to New Documentation Requirements

As your CFO worked with your company’s financial auditors to prepare for the filing of your 10-K, you may have been tasked with the tax provision under ASC 740-10 (formerly FIN 48).  As a multinational corporation, your financial auditors are likely asking a lot of questions as to whether your intercompany pricing … Read More

OECD Base Erosion and Profit Shifting Ship Sailing Full Steam Ahead

OECD Base Erosion and Profit Shifting Ship Sailing Full Steam Ahead

Panelists from the OECD, United States Department of the Treasury, and Her Majesty’s Treasury speaking at the Tax Center Policy Institute’s (“TCPI”) annual symposium in Washington, D.C. clearly messaged that the OECD’s action plan on Base Erosion and Profit Shifting, or “BEPS” as it’s been abbreviated by the tax industry, is … Read More