2016 saw the 16th year of the Global Transfer Pricing Forum take place in New York on 22 & 23 September 2016, in association with Deloitte.
The Forum hosted senior economic analysts including Alan Krueger of Princeton University and Stephen Moore of The Heritage Foundation as well as views from Edward Kleinbard from USC's Gould School of Law and John Hughes of the IRS.
Following a recent change from the typical educational-style seminar, the Forum focused on facilitating free and transparent debate on topics such as the meaning of value creation in the BEPS context, the rise in TP disputes and what revenue authorities can do now and in the future. As such, taxpayers were invited to openly share experiences of how to deal with a global transfer pricing environment that is changing rapidly.
Using an intuitive polling system, delegates were asked to share their views and opinions on the topical issues facing taxpayers today:
- 48% of delegates polled believe that potential misinterpretation by countries with different methods or standard will be the biggest concern for multinationals
- Interestingly, 56% of respondents are not optimistic about effective dispute resolution with only 16% having a positive outlook
- Following the Japan/Asia-Pacific panel, 79% of delegates believe that Singapore has the most welcoming tax system
- Technology integration with BEPS is still a concern for taxpayers with 47% concerned that integrating new technology with existing systems will be the biggest challenge
"The [Global] Transfer Pricing Forum brings to light the most pressing issues that tax payers and practitioners are currently facing."
"Speakers were amazing..." with "...practical aspects from companies. Overall a great programme."
"The financial services panel was a highlight of the day"
"The event is current, asks and answers the right questions and had a great format [polling system] to present delegates' opinions and views. Brilliant all round."
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