In-house professionals taking on more transfer pricing
March 08, 2010
Purvez Captain and Steven Wrappe of Ernst & Young discuss the advantages and problems that can be found in adding to in-house professionals’ responsibilities.
A continually increasing number of countries, at least 40 at current count, require or encourage transfer pricing documentation. Financial reporting requirements in the US regarding uncertain tax positions also require additional transfer pricing analysis. This continuing increase in the global transfer pricing compliance burden at a time of shrinking departmental budgets has encouraged a trend toward greater involvement of in-house tax personnel in transfer pricing compliance (the so called in-house movement).
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