DMPQ- What is Transfer Pricing and how does it effect loss of revenue? What are the provisions made by the government to counter Transfer Pricing?
Transfer pricing refers to the rules and methods for pricing transactions within and between enterprises under common ownership or control. Transfer pricing can be exploited for tax avoidance and tax evasion through Base erosion and profit shifting strategies. Base erosion and profit shifting refer to corporate tax planning strategies used by multinationals to “shift” profits … Read more