Nations Warn UN-Run Transfer Pricing Database Would Be Pricey

Many countries expressed concern Wednesday about a proposal that the United Nations set up and run a database to help developing nations have access to transfer pricing information under a new global tax treaty.

Norway, Italy, and Portugal were among the delegations at a committee meeting in Nairobi, Kenya, that said a UN-run database would be expensive and complicated to manage, and that there might be more efficient ways for developing countries to get transfer pricing data.

“Establishing and keeping such a database updated is a very big task,” Trude Steinnes Sønvisen, a representative for Norway and a legal adviser ...