UK considers using mediation to resolve disputes
March 24, 2010
Multinationals are paying significantly more tax to resolve transfer pricing disputes. With litigation a costly and time consuming option for both the taxpayer and the tax authority, thoughts are turning to alternative dispute mechanisms.
Melissa Tatton, chairwoman of Her Majesty’s Revenue and Customs transfer pricing board, has said that although companies are paying more attention to getting transfer pricing right, the amount of tax raised by the Revenue through transfer pricing work has increased markedly. This shows that mistakes are being made.
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