How the introduction of “Soviet-style economic planning” could affect transfer pricing
December 01, 2011
Joe Dalton
New regulations brought in by the Venezuelan government to control costs and prices could force multinationals, operating in the country, to make transfer pricing adjustments.
The Law on Fair Costs and Prices (LFCP), which came into effect this month, is an attempt by President Chavez’s government to curb what they see as excessive earnings of companies that import into Venezuela.
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