Global Transfer Pricing: Principles and Practice

Now in its fourth edition, Global Transfer Pricing: Principles and Practices continues to provide a straightforward and accessible introduction to this complex and increasingly important area of business taxation.

It offers readers an overall view of transfer pricing as it is practised today, including the 2017 changes to OECD transfer pricing guidance following the Base Erosion and Profit Shifting (BEPS) initiative. In addition to the theory of transfer pricing, this practical handbook explains how to implement transfer pricing models in global multinationals, how to monitor transactions to ensure compliance and how to create transfer pricing documentation.

This new edition includes:
-An update on the implementation of BEPS recommendations, including artificial avoidance or permanent establishment status and prevention of treaty abuse
-Implementation of transfer pricing documentation and country-by-country reporting
-Additional case law references
Chapter updates include:
-Chapter 5 'Financing' has been updated to include commentary on the OECD discussion draft on transfer pricing aspects of financial transactions, including treasury function, guarantee fees and captive insurance
-Chapter 7 'Profit Split' has been expanded to cover new guidance on profit split and the recent trend towards the use of this transfer pricing methodology
-The 'UK' chapter includes new content on interest restriction rules and transfer pricing, penalties for non-compliance, rules governing the conduct of transfer pricing audits and also Brexit considerations
-A new chapter has been added on 'The Attribution of Profits to Permanent Establishments' to cover Articles 7 and 9 of the OECD Model Tax Treaty

List of contents

Chapter 1 Transfer pricing: what is it?
Chapter 2 OECD
Chapter 3 Types of transaction: Tangible goods
Chapter 4 Types of transaction: Intra-group services
Chapter 5 Financing
Chapter 6 Intangible property
Chapter 7 Profit split
Chapter 8 Business restructuring
Chapter 9 Transfer pricing documentation
Chapter 10 Operational transfer pricing
Chapter 11 Tax audits and eliminating double taxation
Chapter 12 UK transfer pricing legislation
Chapter 13 The attribution of profits to permanent establishments
Appendix A United Kingdom Transfer Pricing Summary

About the author

John Henshall has over 34 years’ experience in international taxation and for the past 18 years has been a transfer pricing partner at Deloitte. He represents Deloitte at OECD to both WP1 and WP6. He is regularly published on transfer pricing matters.

Roy Donegan has been a tax professional with Deloitte for 16 years at the time of writing this book. During that time, Roy has worked extensively with John on a wide range of transfer pricing matters. Roy now leads a sub-group in Deloitte that advises privately owned groups and large professional partnerships on transfer pricing matters.

Summary

Now in its fourth edition, Global Transfer Pricing: Principles and Practices continues to provide a straightforward and accessible introduction to this complex and increasingly important area of business taxation.

It offers readers an overall view of transfer pricing as it is practised today, including the 2017 changes to OECD transfer pricing guidance following the Base Erosion and Profit Shifting (BEPS) initiative. In addition to the theory of transfer pricing, this practical handbook explains how to implement transfer pricing models in global multinationals, how to monitor transactions to ensure compliance and how to create transfer pricing documentation.

This new edition includes:
-An update on the implementation of BEPS recommendations, including artificial avoidance or permanent establishment status and prevention of treaty abuse
-Implementation of transfer pricing documentation and country-by-country reporting
-Additional case law references
Chapter updates include:
-Chapter 5 ‘Financing’ has been updated to include commentary on the OECD discussion draft on transfer pricing aspects of financial transactions, including treasury function, guarantee fees and captive insurance
-Chapter 7 ‘Profit Split’ has been expanded to cover new guidance on profit split and the recent trend towards the use of this transfer pricing methodology
-The ‘UK’ chapter includes new content on interest restriction rules and transfer pricing, penalties for non-compliance, rules governing the conduct of transfer pricing audits and also Brexit considerations
-A new chapter has been added on ‘The Attribution of Profits to Permanent Establishments’ to cover Articles 7 and 9 of the OECD Model Tax Treaty

Foreword

Provides a straightforward introduction to this complex area, offering an overall understanding of transfer pricing as it is practised today.

Additional text

“This is a great book for beginners and professionals alike. It is debunking many of the myths that surround transfer pricing in a humorous and clear way; Chapter 6 is particularly insightful.”

Product details

• Authors: Roy Donegan, Roy (Deloitte LLP Donegan, John Henshall, John Donegan Henshall
• Publisher: Bloomsbury
• Languages: English
• Product format: Paperback / Softback
• Released: 30.06.2019
• EAN: 9781526511218
• ISBN: 978-1-5265-1121-8
• No. of pages: 312
• Subjects: Guides > Law, job, finance > Taxes; Social sciences, law, business > Law > Taxes