THE Platform
for Collaboration on Tax - a joint initiative of the IMF, OECD, UN and World
Bank Group - has developed a draft toolkit designed to assist developing countries
in an important area of international tax policy - transfer pricing. The Platform
is now seeking public feedback on that toolkit, which specifically addresses
the ways developing countries may overcome a lack of data on "comparables," or
the market prices for goods and services transferred between members of multinational
corporations.
The
toolkit is part of a series of reports by the Platform that are designed
to help countries that may have limitations in their capacity to design or
administer strong tax systems. Previous reports have included discussions of
tax incentives and external support for building tax capacity in developing
countries. Helping developing countries build strong and credible transfer
pricing regimes is an important part of the Platform's effort to increase the
capacity of developing countries to apply the principles of the Base
Erosion and Profit Shifting (BEPS) Project, an initiative that assists countries
in protecting their tax bases from aggressive or inappropriate tax planning
by multinational corporations.
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