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UN adds one more dimension to transfer pricing guidance

01 September 2011

Sophie Ashley

As the UN’s star in global transfer pricing rises, officials, taxpayers and practitioners are discussing the role it plays in shaping policy and how that affects the OECD. Sophie Ashley explores the multiple dimensions of international transfer pricing guidance.


A parallel universe carries infinite possibilities. Perhaps it is this that makes the idea so irresistible to scientists, determined to prove their existence through the complexities of mathematics.

As the UN's star in global transfer pricing rises, it is tempting to imagine how the multilateral body would do things differently to the OECD, seen as the global arbiter for transfer pricing guidelines.

The UN's growing number of fans believe the OECD puts the interests of the world's most developed economies first. They argue that as a bigger organisation, the UN is in a better place to lead transfer pricing policy.

The OECD's transfer pricing guidelines represent the global standard for related-party transactions. Though the guidance is not without fault, it is generally adhered to by most jurisdictions with transfer pricing rules. But, as more and more countries implement transfer pricing documentation requirements and legislation, the need for simplicity, more in...



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