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Sep 12, 2014
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Transfer-pricing in the world of BEPS
The past few years have seen a quantum leap in globalisation, resulting in free movement of capital and labour, shifting of manufacturing bases from high-cost to low-cost locations, gradual removal of trade barriers, technological and telecommunication developments, etc.
These developments have, on one hand, led to increasing sophistication in tax planning by the multinationals enterprises (MNEs) and, on the other hand, there is increasing political concern from tax authorities and governments worldwide over the ability of MNEs to create “stateless” corporate profits that are not subjected to tax by any authority or jurisdiction.
Source -
http://www.financialexpress.com
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