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.
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