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Download as PDF; Printable version; In other projects ... PwC prepared the report Transfer pricing and developing countries. ... Tax Director's Guide to International ...
A given fund transfer price will impact the measured performance of business units based on whether such business units are short of funds or have an excess of funds. The key variable which should be considered for setting the fund transfer price is the strategy of the financial institution (i.e. corporate strategy).
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity due to local legislative requirements. [49] Much like other professional services firms , each member firm is financially and legally independent.
The setting of the amount of related party charges is commonly referred to as transfer pricing. Many jurisdictions have become sensitive to the potential for shifting profits with transfer pricing, and have adopted rules regulating setting or testing of prices or allowance of deductions or inclusion of income for related party transactions.
The transactional net margin method (TNMM) in transfer pricing compares the net profit margin of a taxpayer arising from a non-arm's length transaction with the net profit margins realized by arm's length parties from similar transactions; and examines the net profit margin relative to an appropriate base such as costs, sales or assets.
A main purpose of the project to develop IFRS 15 was that, although revenue is a critical metric for financial statement users, there were important differences between the IASB and FASB definitions of revenue, and there were different definitions of revenue even within each board's guidance for similar transactions accounting for under different standards. [3]
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Since the early 2000s, ITR has regularly organised conferences like the Global Transfer Pricing Forum, [12] Women in Tax [13] and the Indirect Tax Forum. [14] At the same time, the magazine has published the World Tax Guide [15] in which it rates law and accounting firms. This includes firms like Deloitte, EY, PwC and KPMG. [16] [17]