Drew Bailey explains why transfer pricing principles are increasingly important in tax competitiveness as well as protecting the tax base.
Alongside an uneasy economic environment the increased globalisation of the marketplace people and technology means the ‘mobility’ of profits (and losses) between jurisdictions is also increasing rapidly.
Tax is a key factor in any government’s deficit-reduction strategy. Competitiveness amongst corporate tax systems is increasing as most jurisdictions strive to increase their tax base and keep businesses within their jurisdiction. Maintaining a balance between a favourable tax regime with one which is well enforced and results in sustainable tax revenues is becoming an increasingly complex task for countries and their governments.
This article explores recent changes in certain UK and wider European tax laws...
