UN Tax Panel Floats Review of Various Topics in Transfer Pricing

The next iteration of the UN Tax Committee should consider taking up transfer pricing topics like simplification, the handling of intangibles, and intragroup services, committee members said Wednesday.

Stephanie Smith, senior director in Canada’s Department of Finance, suggested that “looking at simplification is obviously helpful,” though she stressed that any simplification should be done in accordance with current standards.

The panel’s transfer pricing subcommittee suggested that the committee’s next membership should look at areas such as the bundling of different types of intangibles; benefit testing for the rendering of intragroup services; and providing specific guidance for industries like telecommunications ...