Transfer Pricing: A Global Issue That Needs Local Attention
January 21, 2014
The globalization of our economy has recently brought the efficiency of legislation on cross-border transactions into question. Though this integration has been beneficial for domestic markets, it has raised the issue that opportunities for multi-national enterprises to minimize their tax burden have been created. In response to this concern, the G20 has endorsed The Organization for Economic Cooperation and Development Action Plan on Base Erosion and Profit Shifting (BEPS), which proposes new regulations and standards for international tax practices.
In the November/December 2013 issue of Canadian Manufacturers and Exporters’ Magazine 20/20, BDO Partner Dan McGeown discusses the BEPS Action Plan and its impact on the Canadian manufacturing industry. As the plan takes shape, manufacturers should anticipate its implementation and analyze transactions proactively to ensure they are prepared to meet any challenges brought on by changes to taxation rules.
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