ActionAid and the Task Force on Financial Integrity and Economic Development have been named by TP Week readers as two of the five ‘leading forces in global transfer pricing’.
ActionAid was nominated for a report, critical of SAB Miller’s transfer pricing practices in Africa, which led to investigations by South Africa, Ghana, Tanzania, Zambia and Mauritius and ‘may lead to future audits’, TP Week said.
The Taskforce on Financial Integrity and Economic Development was nominated for ‘its work to curtail the mispricing in trade imports and exports and its promotion of: country-by-country accounting of sales, profits, and taxes paid by multinational corporations; beneficial ownership in all banking and securities accounts; automatic cross-border exchange of tax information; and harmonisation of predicate offences under anti-money laundering laws’.
The TaskForce is a consortium of governments and NGOs. Its co-ordinating committee comprises Christian Aid, Eurodad (the European Network on Debt and Development), Global Financial Integrity, Global Witness, Tax Justice Network, Tax Research LLP, Transparency International and the Leading Group on Innovative Financing for Development.
The other ‘leading forces’ were:
the OECD, in recognition of a project on intangible assets;
PwC, for a report for the EC on transfer pricing in developing countries; and
the Indian Minister of Finance Pranab Mukherjee, for his decision to enact an advance pricing agreement programme in India.
The winners were a ‘healthy combination’, said TP Week editor Sophie Ashley, ‘of international organisations, political movers, non-government organisations and practitioners, providing the mixture of experience and skills that will encourage transfer pricing development in more countries over the next year’.
Other nominees included HMRC, GlaxoSmithKline and the UN.
ActionAid and the Task Force on Financial Integrity and Economic Development have been named by TP Week readers as two of the five ‘leading forces in global transfer pricing’.
ActionAid was nominated for a report, critical of SAB Miller’s transfer pricing practices in Africa, which led to investigations by South Africa, Ghana, Tanzania, Zambia and Mauritius and ‘may lead to future audits’, TP Week said.
The Taskforce on Financial Integrity and Economic Development was nominated for ‘its work to curtail the mispricing in trade imports and exports and its promotion of: country-by-country accounting of sales, profits, and taxes paid by multinational corporations; beneficial ownership in all banking and securities accounts; automatic cross-border exchange of tax information; and harmonisation of predicate offences under anti-money laundering laws’.
The TaskForce is a consortium of governments and NGOs. Its co-ordinating committee comprises Christian Aid, Eurodad (the European Network on Debt and Development), Global Financial Integrity, Global Witness, Tax Justice Network, Tax Research LLP, Transparency International and the Leading Group on Innovative Financing for Development.
The other ‘leading forces’ were:
the OECD, in recognition of a project on intangible assets;
PwC, for a report for the EC on transfer pricing in developing countries; and
the Indian Minister of Finance Pranab Mukherjee, for his decision to enact an advance pricing agreement programme in India.
The winners were a ‘healthy combination’, said TP Week editor Sophie Ashley, ‘of international organisations, political movers, non-government organisations and practitioners, providing the mixture of experience and skills that will encourage transfer pricing development in more countries over the next year’.
Other nominees included HMRC, GlaxoSmithKline and the UN.
