Navigate the Increased Scrutiny of Transfer Pricing with Confidence

Article Excerpt:

As the global economy expands into every corner of the world, fiscal authorities are seeking more effective ways to protect their tax bases. Closer controls over transfer pricing — which are the charges incurred in an intracompany transfer from one division to another or intercompany transactions between related legal entities — has become an increasingly frequent part of the strategy of taxing authorities and many have intensified their scrutiny of transfer pricing issues to claim their share of tax revenues.