Through an article published in the International Taxation blog Legal Today, Juliette Torres Ramos, a specialized lawyer in International Tax and Transfer Pricing, expressed the possibility of international harmonization and consensus on Transfer Pricing with a view to 2022.
International Transfer Pricing Consensus
In order to provide up-to-date and joint information on the Transfer Pricing regulation and other relevant aspects, the OECD published the second batch of Transfer Pricing Country Profiles on December 13, 2021.
This publicity enables multinational groups to have clear and up-to-date information at their disposal, which will allow, as Torres Ramos put it, "the existence of legal security" to foresee risks and make decisions diligently.
Due to the pandemic, many multinational groups have had to reorganize themselves to adapt to the new reality. Therefore, the importance of an agreed regulatory framework in the international environment for strengthening transfer pricing rules.
Source: Legal Today 12/23/21
