Why this book?

Transfer Pricing and Dispute Resolution addresses the complexity, valuation and administrative nuances, and cultural impacts of resolving this significant cross-border issue when tax disputes arise. In recent years, transfer pricing has become in financial terms the most important tax issue faced by multinational companies and tax authorities worldwide. In times of economic downturn, as experienced in recent years, when tax authorities are challenged for revenue, the handling of these issues requires great care, skill, creativity and a true awareness of the ramifications confronting each tax jurisdiction.
 
This book sets out in detail not only the general laws in each tax jurisdiction impacted by the multinational companies’ transfer pricing practices, but also the ancillary concerns of how the issue is interpreted locally as well as related to the OECD Guidelines; the varied approaches to administrative resolution of these issues, including specific alternative dispute resolution mechanisms and the effective uses of Advance Pricing Agreements; correlative adjustment procedures in the event of transfer pricing adjustments; cross-border exchange of information concerns; and how to proceed to litigation if all else fails administratively. It is here that the book delves into the specific procedures for litigation in each country which must be evaluated as part of the overall strategy for controversy resolution. Unfortunately, today litigation is on the rise in numerous jurisdictions and the presumption of an administrative resolution is no longer correct.

An additional feature of this book is how practical anecdotes are intertwined into the analysis to give the reader a sense of pragmatism for these issues. To this point, there are the various case studies which highlight the technicalities of the local rules, customs, and practices. From these case studies, the reader can truly glean a sense of how a strategy for resolution can be formalized and possibly play itself out.

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Benefits

Transfer Pricing and Dispute Resolution is an essential tool for assisting the tax practitioner in all facets of transfer pricing, but most prominently in establishing a strategy for a multinational company’s transfer pricing policy and documentation which will be the prime consideration in a tax controversy. If properly prepared and implemented, the ultimate strategy to resolve local or multi-country tax controversies has a greater chance of success. Guidelines set forth in this book are therefore a resource.

Countries/Jurisdictions covered 

Australia, Brazil, Canada, China, France, Germany, India, Japan, Mexico, Netherlands, South Africa, United Kingdom, United States.

Contents 

• Foreword
• Introduction
• Dispute Channels
• International Developments
• Country chapters (incl. case study)

Editor(s)

Anuschka Bakker is Chief Editor Topicals of IBFD's Knowledge Center, where she has overall responsibility for IBFD's publications on transfer pricing, permanent establishments, holding companies, mergers & acquisitions and derivatives and financial instruments. Ms Bakker is both an avid writer and editor (Tax Risk Management, Transfer Pricing and Business Restructuring, Transfer Pricing and Customs Valuation, Transfer Pricing and Dispute Resolution). She is also involved in lecturing in the above-mentioned fields.

Marc M. Levey is the past Chair of Baker & McKenzie's Global Transfer Pricing Steering Committee, and co-Chair of the Fashion and Luxury Goods Practice Group. With over 30 years of experience in international taxation, he is recognized as one of the world's leading tax advisors and transfer pricing experts. Mr Levey is the author of numerous publications and is a prolific speaker at international tax events worldwide.

Contributor(s)

Suzan Arendsen, Cheng Chi, Murray Clayson, Philip Croall, Moisés Curiel García, Harald Dols, David Francescucci, Bruno Gibert, Monique van Herksen, Lawrence M. Hill, Wally Horak, Shiraj Keshvani, Johan Kotze, Roman Lang, Ho Yin Leung, Toshio Miyatake, Marcelo Natale, Rajendra Nayak, Carlos Nicacio, Srinivasa Rao, Christian Reichardt, H. David Rosenbloom, Don Spirason, Eduard Sporken, Werner Stuffer, Reynah Tang, Jeannette van der Vegt, Steven C. Wrappe