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Tipi Tips #6: What is the impact of transfer pricing?
Today’s topic is what impact transfer pricing has on us all.
A logical question you can ask is whether transfer pricing really has such a big impact as I’m suggesting in these video’s. If it is a niche within the area of tax, how big can the impact on companies and society as a whole be?
Well, organizations as the World Bank and the American tax authorities estimate that roughly a third of all world trade happens between two companies that are related to each other. To put it in figures, that is 7000 to 9000 billion dollars per year in transactions that fall under the transfer pricing rules.
So applying the rules wrong on even a fraction of this amount can lead to massive shifts in taxes paid for companies and tax revenues for governments. So not just for companies, but for us all as taxpayers, the impact is massive.
Transfer pricing made easy
Tipi's mission is to explain the field of transfer pricing to you in a transparent and simple manner. We deliver on this mission with expertise, experience and our unique approach. We expose all transfer pricing concepts (and secrets) in our database. Here you can learn the basics of transfer pricing for your business, and get an idea of the work we do to help you navigate the transfer pricing field.
Our transfer pricing services can be divided into three phases in which we can help:
Build your tax image
Tax Transparency Report: improve your company's tax image
Accountability
Clear and simple documentation afterwards
Let us inform you about the possibilities
Transfer pricing is the future of international taxation. Let us discuss how we can future-proof your business.
Vincent Maessen
Founder Tipi Consultancy