Transfer Pricing: Not just the big end of town
We have seen in recent times a renewed focus on transfer pricing by various revenue authorities globally. This is in line with businesses having an ever increasing foot print globally; enabled by technologies in this day and age.
Media coverage in relation to recent high profile transfer pricing cases have increased awareness to the public in general. Not too long ago Google executives fronted the British Parliament after Britain’s tax agency issued Google with a tax bill of approximately AUD$187 million for 10 years of operations in Britain.
However, transfer pricing is not applicable only towards the big end of town. Transfer pricing can apply to all businesses which transact or deal with an overseas related party.
PKF with its global network and expertise can assist and ensure your business complies with the legislative requirements.
It is vital that if you are dealing offshore you pre-empt the problems by taking the appropriate advice from your PKF expert.