The OECD has released a white paper on transfer pricing documentation, which proposes a two-tier approach that would require taxpayers to submit a global master file along with country-specific transaction information. However the proposals could result in an increased compliance burden for businesses, according to one revenue authority official.
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The OECD’s project was up for debate as Matt Williams spoke to ITR following BDO’s tax strategist survey, which uncovered increased complexity and costs among multinationals
Jean-Michel Henry and Mona El-Begawi of Deloitte Luxembourg examine the complexities created by timing differences in Luxembourg, EU, and OECD tax regimes