Transfer Pricing: A Three-Dimensional Challenge
Transfer pricing remains a major risk to companies around the world. In fact, it was the top tax risk identified by the 800-plus global tax and finance executives who participated in EY’s 2014 survey on Tax Risk. The growing complexity of worldwide transfer pricing rules continues to present a three dimensional challenge for multinational companies ("MNCs") with respect to documentation requirements, transparency initiatives and audits. Scrutiny of a company's transfer pricing is not only limited to tax authorities, but also now comes from the media and other activists and NGO's.