KPMG's reports of transfer pricing developments from across the globe
The Organisation for Economic Cooperation and Development (OECD) released discussion drafts yesterday concerning the two critical actions under the base erosion and profit shifting (BEPS) project.
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.