Martin Zetter on the latest transfer pricing news, with the OECD consultation on country-by-country reporting, plus transfer pricing updates from India, Norway, Costa Rica and Indonesia.
As work continues on the BEPS project at OECD countries around the world issue more transfer pricing rules often with features that pre-empt parts of the BEPS work. One theme emerging across several countries is the extension of transfer pricing rules to transactions that are not necessarily connected but are seen as high risk in terms of profit shifting. Russia is a good example. In July the Finance Ministry announced that all dealings involving parties in tax havens are deemed to be controlled for transfer pricing. In this month’s transfer pricing focus we see that the new Indian ‘safe harbour rules’ are not...
