Multinationals straddle national boundaries and jurisdictions.
When a multinational transfers goods and services among its companies in
different countries, where are its profits taxed? National tax authorities
regularly challenge prices for transferring goods and services across
boundaries and within the same group of companies. The OECD Transfer Pricing
Guidelines were published in 1995, with updates every year up to 1999. This
travel version contains all that material, but in a compact format that makes
it easy to take out of the office.
These guidelines maintain the arm's
length principle of treating related enterprises within a multinational group
and affirm traditional transaction methods as the preferred way of implementing
the principle. These controversial issues are not just of interest to tax
experts. National tax administrations, taxpayers and business people alike, all
have a share in avoiding conflicting tax rules which might seriously hamper the
development of world trade.
Please note:
Binder Edition (231999671P) is out of print. |
