Updated 460 days ago
Transfer Pricing in the UK and the rest of the world has become a major issue over the last decade. Whilst the USA and Australia were first in implementing the requirement to document a company's Transfer Pricing procedures this has now become a requirement in the vast number of countries throughout the world...
Transfer Pricing refers to the pricing of assets, intangibles and services transferred between two entities within one organisation. The various tax authorities throughout the world are concerned that the amounts being charged between these two organisations are not at the same price as if one of them had been a third party. By charging less in one country will mean that the taxation revenue in that country will be reduced.