WTP Advisors’ Transfer Pricing Practice Leader, Guy Sanschagrin, recently published an update on the global transfer pricing landscape in Minnesota Society of CPA’s Footnote publication. His article outlines some of the key global transfer pricing trends – including the role of global technology solutions such as TransPortal.

How should companies prepare for transfer pricing and controversy in the future?

• Companies should proactively manage their transfer pricing by developing a clear global transfer pricing policy by maintaining documentation and accessing transfer pricing know-how either by developing internal transfer pricing teams or strong working relationships with trusted consultants.
• Remember robust audit readiness! Companies should be prepared to respond to tax authority challenges and proposed adjustments.
• Larger companies with complex value chains that engage in a myriad of controlled transactions should consider using technology, such as TransPortal – a Global Transfer Pricing Management Platform that helps companies organize documentation and legal entity information, manage processes, and automate data collection and analysis.

What is your company doing to prepare for the future of transfer pricing developments and controversy? Contact Guy Sanschagrin at guy.sanschagrin@wtpadvisors.com to discuss solutions.

Here is a link to the article: https://www.mncpa.org/publications/footnote/february-march-2024/the-global-transfer-pricing-landscape-in-2024/