Corporate tax executives consistently rank transfer pricing as among the tax issues that causes the greatest concern for them. When examined even superficially, it’s easy to see why this is true. For one thing, almost half of all U.S. imports and exports involve transfer pricing.
But the concerns extend beyond the volume, as the breadth of exposure, the complexities of the disputes and the size of potential penalties all make it a focus of concern. Grant Thornton’s Steven Wrappe’s recent article for Bloomberg Tax provides a concise, focused look at the major reasons for getting transfer pricing procedures under control in a multinational business.
Read the article here, and see our own story on the subject, “Six ways transfer pricing is crucial for multinationals.”
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