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Article: Common sense not common in transfer pricing
- Article from:
- Intheblack
- Article date:
- June 1, 2008
- Author:
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Copyright informationCopyright CPA Australia Jun 2008. Provided by ProQuest LLC. (Hide copyright information)
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Taxing times; ROBERT RICHARDS LOOKS INTO CASES INVOLVING THE NOT-SO-COMPLEX ISSUE OF TRANSFER PRICING; AND DELVES INTO RETIREMENT VILLAGES
(ProQuest: ... denotes text stops here in original.)
IT'S OFTEN CLAIMED THAT ONE OF the more complex parts of tax law is its transfer pricing provisions. However, the actual statutory provisions are simple (and not particularly detailed).
And, simple provisions are supported by a multitude (in both number and volume) of Australian Taxation Office rulings, but these rulings mean little.
I sometimes feel sorry for taxpayers since there seems to be a conspiracy among many tax practitioners to convince industry that the transfer pricing rules are incredibly ...