UN adds one more dimension to transfer pricing guidance
01 September 2011
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
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
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