Chinese adjustment highlights value of comparables
July 07, 2011
Jack Grocott TPW
Taxpayers need to examine and evaluate the comparable studies they plan to use in China after a transfer pricing adjustment grabbed the headlines.
The Qingdao Municipal State Tax Bureau reported in June that it had made a transfer pricing adjustment of RMB270 million ($41 million) and received around RMB44 million in enterprise income tax and interest.
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