The new cost of global compliance: Private company data for local comparables
January 20, 2014
All of us in the tax world know that transfer pricing has been a hot topic this year. Around the globe, tax authorities have become more aggressive, primarily to reduce government fiscal deficits.
The transfer pricing practices of a number of companies have been challenged as tax authorities look to corporate taxes to help buoy revenue above the red line. In the most widely known cases, the argument was layered with issues of ethics, responsibility and interpretation of laws that have not caught up with the realities of business. Policy makers are now addressing these issues, with authorities taking a granular look at not only the tax policy of a business, but how that policy plays out in every transaction and line item.
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