Transfer-pricing documentation: possible relief ahead for small multinational companies

On Nov 12-13, 2013 in Paris, the Organisation for Economic Co-operation and Development (OECD) opened its proceedings to the public to discuss transforming transfer-pricing documentation requirements globally. The momentum among OECD members is driven by two concerns: (1) a view among tax authorities that most transfer-pricing documents do not include useful information, and (2) a perception among multinational companies that current requirements are costly and unnecessarily burdensome. The proceedings allowed members of Working Party No. 6, a working group of the OECD's Committee on Fiscal Affairs, to obtain comments from the international business community on a White Paper on Transfer Pricing Documentation that the OECD published in July 2013 (available at tinyurl.com/139rk2z).