Transfer pricing continues to be one of the most significant issues facing multinational businesses today. The Tax Cuts and Jobs Act of 2017 made fundamental changes to transfer pricing, such as the introduction of the base erosion and anti-abuse tax (BEAT), as well as other international provisions, which change the taxation of multinationals.
The IRS is closely scrutinizing transfer pricing; it’s one of the IRS’ top audit issues, and noncompliance with the rules can severely impact multinational companies. Changes brought about by tax reform can increase the probability of an audit of your business.
At Goldin Peiser & Peiser, we understand this increased focus by regulators has created a highly uncertain environment for any business with intercompany transactions conducted across international borders. Our goal is to help you develop a sound transfer pricing strategy to reduce the risk of potential problems such as double taxation, large financial penalties, lawsuits and disputes with the IRS.
Our Transfer Pricing Services team can help you manage these risks by:
- Helping you understand local regulations and documentation requirements
- Identifying controlled transactions that are not conducted as “arm’s length” transactions
- Advising you on the best tax-compliant strategy
- Evaluating your business tax structure
- Recommending tax-efficient restructuring
- Preparing transfer pricing risk assessment and study documentation which meets U.S. Internal Revenue Code Section 482 requirements
Goldin Peiser & Peiser’s experienced Transfer Pricing Services team offers your business unique and extensive resources to provide the most thorough and cost-effective solutions for your transfer pricing needs. No matter where your business conducts its business, we provide operational and strategic insights that will position it for sustainable growth and financial health.
For more information about our Transfer Pricing Services, please fill out the form below, or call 214-635-2498.