Thomson Reuters’ WorldTrade Executive brand has released the latest edition of Global Transfer Pricing Solutions, a book that covers regulatory changes and provides analysis in the field of transfer pricing.

The ninth edition provides updates information on worldwide transfer pricing regimes that can have an impact on business profitability. For example, last December, the Colombian government approved a tax reform project that modified some transfer pricing rules that have been in force since 2004. The report points out which countries follow transfer pricing guidelines from the Organization for Economic Cooperation and Development, which lately has been making efforts to crack down on multinational corporate tax avoidance, and others, such as Brazil, which do not. There also are important initiatives underway to change OECD guidelines, the report notes.

“There are significant transfer price regulatory developments under way in Latin America, particularly in Colombia, Brazil, Panama and Peru,” said Gary Brown, senior director of Thomson Reuters’ WTE unit, in a statement. “There are also important changes in Australia and China.”

Global Transfer Pricing Solutions includes insights from experienced tax practitioners at international legal and accounting firms and senior international transfer pricing professionals at large multinational companies. The report’s 56 articles covers changes to major worldwide transfer pricing regimes, combined with analysis of the steps needed to proactively manage transfer pricing.