Transfer pricing, by which multinational corporations can allocate much of their profit to lower-tax countries, has become a slippery slope. More and more tax-deprived countries are taking measures to guard against this form of tax avoidance, also known as Base Erosion and Profit Shifting (BEPS). The Organization for Economic Cooperation and Development (OECD) has issued guidelines that require multinational enterprises to undertake additional analysis and documentation for transactions within a group of related corporate entities. Many countries have adopted these guidelines wholesale, while the U.S. and Canada have implemented even more detailed rules. All of this insures that transfer pricing will become increasingly complex, challenging and possibly expensive, such as where a transfer pricing audit can result from failure to implement appropriate practices.
In this live webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will offer a discussion of the fundamentals of global transfer pricing as well as updates regarding implementation of the OECD guidelines by various countries. The course will also focus on best practices for companies to avoid or limit risk of audits and possible double taxation.
- Transfer Pricing Theory and Practice
- OECD Guidelines
- Profit Allocation
- Price Testing
- Arm's-length Standard
- Cost-Sharing Agreements
- Country-specific Tax Rules