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Celltrion fine shows tax authority’s ambition to tackle violation of TP standards

Leanna Reeves
April 07, 2022
Celltrion group violated TP standards, according to FSC

The South Korean Financial Services Commission’s KRW 15.4 billion ($12.6 million) fine to global pharmaceutical company Celltrion is a warning to others to comply with accounting standards and transfer pricing rules.

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Topics

NewsTransfer PricingSouth KoreaAsia-PacificJurisdictions
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Leanna Reeves
Senior Reporter ITR
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Leanna covers transfer pricing developments and court rulings. She writes about jurisdictions' alignment with OECD standards, profit shifting via TP arrangements, and other topics including tax reforms across the world. Leanna also reports on anti-money laundering legislation and the BEPS project.
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