Transfer pricing is one of the most crucial issues in international tax. It has become critical with the OECD developing transfer pricing guidelines and is starting to bring to light the problems of companies evading taxes by shifting profits to low-tax jurisdictions. There are many misconceptions and myths with regards to transfer pricing practices around the world. It is important to understand the basics and also how other countries approach transfer pricing for corporations across the globe.
We've busted some myths around transfer pricing to give your clients an understanding of what's required.