Corporate tax executives should translate chapter nine of the OECD’s Transfer Pricing Guidelines into simpler language should be translated by corporate taxpayers so their company's management can better understand them, so said Sharon Tan, senior tax director for Nike in the Asia Pacific region, at the International Tax Review Asia Tax Forum in Singapore today.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year