Transfer Pricing
Transfer pricing is the price at which goods or services are transferred between one country and another within the same organization. It is a major tax planning opportunity for multinationals, and a very important consideration when reorganizing company business structures. International companies recognize it as a major tax burden and a strategic business issue.
As multinational companies continue to expand globally, there is a continuous need to constantly develop and implement strong global tax minimization strategies. The recent trend of multinationals investing in new and emerging markets such as Asia and Eastern Europe may mean that a transfer pricing study may be in order as these countries continue to differ in their tax treatment approaches. Transfer pricing studies can help companies avoid poor business strategies and miscalculations that can result in excessive penalties and double taxation.
Corbett, Duncan & Hubly professionals have extensive experience in transfer pricing and can help you achieve significant long-term tax benefits. Our personalized approach and the additional time we take with you, will help you thoroughly understand your unique tax situation. Our experienced professionals can help ensure that your company is in compliance with IRS and tax authorities on a global basis. Our team can help provide consulting, analyze comparables, and perform functional analysis. We look at not just compliance, but the documentation process, risk and planning opportunities that your company may not see clearly. Together with our clients, we help deliver results that meet long term business objectives.
IRS scrutiny of small and mid-sized companies in their transfer pricing documentation has substantially increased over the last several years. The IRS typically only allows 30 days of notice to produce documentation, so any company delay inevitably results in higher fees by your tax advisor. Corbett, Duncan & Hubly, P.C. is urging mid-size companies that have not conducted a transfer pricing review within the past two years to thoroughly review their situation to comply with changing IRS requirements.
At a minimum, it may be worth contacting our Tax Group at Corbett, Duncan & Hubly to see how our professionals may be able to help you today.
Please contact Koh Fujimoto for further details or to request additional information about our Transfer Pricing services.
