The Fundamentals of Transfer Pricing
and Country-by-Country Reporting
August 20, 2019 | 1PM EDT / 6PM BST
The international tax landscape has undergone radical changes in the last half dozen years. Tax authorities across the globe are implementing strict requirements and enhanced enforcement practices that target perceived tax base erosion and profit shifting. Multinationals everywhere are being forced to increase corporate transparency and disclosure. In short, the rules for and risks of minimizing tax are evolving fast.
Perhaps no requirements have undergone such widespread changes as those related to transfer pricing — particularly the OECD’s three-tiered approach to multi-jurisdictional transfer pricing documentation, involving a master file, local file and country-by-country reporting (CbCR). Multinational enterprises of all sizes must understand their related obligations in all relevant jurisdictions to avoid potential double-taxation assessments, penalties and reputational damage.
The first step in this process is to firmly grasp the fundamentals of transfer pricing and updated documentation requirements. This may seem to be simple task, but the devil is in the detail. CbCR is moreover entering its third year, and tax authorities are no longer taking a conciliatory “best endeavors” approach.
Our webinar explores this sometimes complex subject matter, including:
- The most recent update of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, including its three-tiered approach to transfer pricing documentation
- Recent country-specific and regional changes
- Effective and compliant transfer pricing practices
- The consequences of noncompliant transfer pricing