Over the past several months tax authorities worldwide have been busy issuing new transfer pricing guidance, regulations, and compliance requirements.
This article from CRA’s Transfer Pricing Practice summarizes a significant development in the United States that is causing corporations to assess the potential exposure of their cross border intangible property transactions and cost sharing arrangements to periodic adjustments. The article also discusses recently issued documentation requirements by the United Kingdom, Germany, and Malaysia that all aim to increase transparency and quality of transfer pricing compliance.
Read more about the global updates on transfer pricing guidance here.
