The complexity of transfer pricing regulations, aggressive auditing by tax authorities and the magnitude of financial repercussions – which might include double taxation – cannot be understated. But along with the compliance component, transfer pricing should be regarded as an opportunity for multinationals and midsize companies to plan their affairs in the most tax-efficient manner to minimize global tax liabilities and maximize the efficiency of overall business processes.
RSM Richter’s transfer pricing professionals go far beyond providing analysis, drafting a report and providing recommendations, they bring considerable value to the client in all three areas of the transfer pricing practice
- Planning –devising the appropriate methodology and helping a multinational develop and/or modify its business process in synergy with its other business operations.
- Compliance – identifying the most suitable pricing method, test the company’s current position with such price ranges and help you implement the recommendations, taking into consideration your business objectives.
- Audit Defence –providing transfer pricing audit support and offering valuable insight into the elements that the Canadian Revenue Agency is currently pursuing, their audit practices and their positions on a number of transfer pricing issues.
The Transfer Pricing Opportunity
Transfer pricing is a challenge but it is also an opportunity for multinationals, whatever their size, to reduce their global tax liabilities and implement strategies that minimize taxation and enhance the company’s overall profitability. The professionals at RSM Richter have a demonstrated ability to cut through the thicket and achieve the desired results.