Transfer pricing: a round table discussion

Speed Read: Four leading tax professionals took part in a Tax Journal round table discussion on transfer pricing on 3 June. Amongst the topics discussed were the impact of the new OECD guidelines; transfer pricing and the compliance burden; how the Litigation and Settlement Strategy is working; whether comparability analysis is reliable; the workability of global formulary apportionment; and we get perspectives both from HMRC and tax professionals on how HMRC is adjusting and streamlining its processes for decision-making. Experts from Reynolds Porter Chamberlain, KPMG and Taxand shared their views with HMRC's Senior Policy Specialist. Andrew Goodall reports.