Transfer Pricing / All

Neil Casey, Director, KPMG’s transfer pricing team reviews the strategies of many companies to achieve procurement savings and explores how companies can measure the benefits arising from procurement functions using transfer pricing principles.

On 22 February 2016, the Internal Revenue Service (IRS) division in charge of transfer pricing enforcement released an International Practice Unit (IPU) on applying the Residual Profit Split Method to inbound transactions into the United States.

Increased tax transparency is imminent and companies should conduct a BEPS Health Check.

On 19 December 2014, the OECD released its final 2014 document under its Base Erosion and Profit Shifting (“BEPS”) Plan.

On 16 December 2014, the OECD released two discussion drafts covering transfer pricing actions items under its Base Erosion and Profit Shifting (“BEPS”) Plan.

On 15 December, 2014, the OECD hosted a webcast to update the global tax community on progress under the Base Erosion and Profit Shifting (“BEPS”) Plan.

Transfer pricing legislation was introduced as part of the 2010 Finance Act, effective for accounting periods on or after 1 January 2011 and applicable to trading transactions (not to non-trading activities taxed at a 25 percent rate).

Almost 20 years ago the Organisation for Economic Co-operation and Development (OECD) put forward safe harbour guidelines for adoption by Member countries.

At KPMG's 2013 GTPS Technical Forum in a courtroom setting, the arm's length principle was on trial. Bloomberg BNA covered and reported on the trial in their Transfer Pricing Report.