On 19 and 20 March, “TP Minds International” will be held in London. It is the world’s leading independent transfer pricing forum in which tax authorities, multinationals and professionals can meet and discuss the main issues relevant to transfer pricing.
The event is, as usual, sponsored by Grant Thornton, also through a specific workshop that will take place on 18 March, before the opening of the conference (Workshop B - Transfer Pricing Disputes: Domestic, European and International Remedies). Paolo Besio, partner at Bernoni Grant Thornton, will participate in the workshop as a speaker, together with the representatives of the French and Dutch Grant Thornton member firms. The workshop will be focussed on the remedies available to solve transfer pricing disputes, as regulated at domestic, European and international level.
The whole international tax area has gone through profound changes due to the fast implementation of the BEPS (Base Erosion and Profit Shifting) package, published by the OECD in 2015 and still being completed by the OECD and implemented by single countries, also through the multilateral convention.
Despite the efforts of the OECD and of the European Union, aimed at fostering uniform regulations and aligned implementation times of the BEPS package, practical experience shows that this has not always happened, with subsequent difficulties and interpretation uncertainties for operators.
In such a context, given the quantitative significance of this phenomenon, transfer pricing assumes primary importance, implying the need for multinational enterprises to review their organizational and operational structure and ensure its compliance, following the changes occurred in the reference context, and to use the most efficient tools and apply the best practice to support and defend their transfer pricing policies.
As it was predictable, inspections concerning transfer prices are increasing in almost all countries. Therefore, it is now crucial to know all tools and procedures to manage inspections and disputes, in order to avoid double taxation.