Transfer pricing rules improve enforcement, KPMG says
September 11, 2008
An increasing number of countries worldwide are introducing transfer pricing rules in an effort to widen their tax bases and improve enforcement, says a report by KPMG.
Enforcement of these rules often takes the form of demands for more and better documentation of cross-border transactions, to prove that they were undertaken at open market prices, the survey says. More frequently, countries are setting their own rules on what is acceptable as a legitimate business cost, with the aim of keeping taxable profits in their jurisdiction.
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