Press Releases
UHY International's "Global Transfer Pricing Guide 2009" is now available
22nd September, 2009
Global accountancy network, UHY announces the release of UHY International’s “Global Transfer Pricing Guide 2009" to assist tax and finance professionals responsible for cross-border tax issues at multi-national companies.
The 113-page guide features a country-by-country summary of major transfer pricing requirements, including pricing methods, documentation and penalties for over 70 countries. Transfer pricing relates to the pricing of transactions such as transfer of goods, services, intangibles and funds that take place within affiliate subsidiaries of a multinational enterprise in different tax jurisdictions. Transfer pricing is important because a change in the transfer price affects the allocations of profits within a multinational enterprise and among different taxing jurisdictions.
“As countries seek to maintain tax revenues in difficult economic times, tax authorities have become more aggressive in auditing transfer pricing of multinational groups, particularly when it comes to deductions for services performed by related parties and payments for the use of intangible property" said Meril Markley, Chair of the Tax Special Interest Group for UHY International. “Surveys of multinational enterprises show transfer pricing as one of their top tax challenges."
Markley added: “The guide provides a convenient, single source of information that includes relevant UHY International member firm contacts for more detailed information."
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