Profit Shifting Drives Multinational Audits, Transfer Pricing Is Source of Conflict

摘要

The transfer pricing and country-by-country reporting guidance under the international project to combat base erosion and profit shifting is driving an increase in tax audits of multinational companies worldwide. Forty-nine percent of respondents to an Ernst & Young LLP survey, "are currently seeing tax authorities raise audit issues that reflect the BEPS focus areas, a jump of 16% year-over-year," EY said in an Oct. 6 news release.