Transfer Pricing Chat: Philip de Homont of NERA

Philip de Homont, managing director at NERA Economic Consulting, is a dispute economist with broad experience providing economic valuation advice for litigation, arbitration and tax cases.

In the tax area, he has conducted independent economic assessments, produced valuations of intangibles and set up transfer pricing structures for clients. He spoke to Bloomberg Tax about the pros and cons of multiple tax administrations coordinating their approach when considering intercompany transactions related to their respective jurisdictions.

According to de Homont, these so-called joint audits can prevent lengthy international tax disputes resulting from the administrations taking unilateral action, but their outcome may not ...