Why take a boring technical OECD transfer pricing course when in practice, unless you have a dedicated transfer pricing staff, you, the regional CFO, financial controller or tax/finance manager of an MNC, will likely leave technical matters to advisors and focus on TP as part of a much broader portfolio and/or are too busy implementing TP within the limitations of the organizations that you operate in.
This course will take a lively interactive approach to the practical aspect of commercial transfer pricing with simple easy-to-understand explanation of key concepts and commercial real life examples to show TP in practice.
Transfer Pricing Environment
• Base Erosion & Profit Shifting: Reputational Risk
Operational Aspects of TP
• TP Life Cycle
• Accounting systems complication
• From transfer pricing policy to GL entry
Poor implementation
• Material misstatements
• Audits
• Penalties
Organizational Design
• Risk Appetite
• Governance & Control
• Offshoring: India, Philippines - critical success factors
Documentation is King
• What is required?
• Dissecting a TP report - What to look out for?
• The latest in OECD thinking – Documentation (Country by Country reporting, Master and Local files)
• The New IRAS documentation requirements (Group and Entity levels)
Outsourcing
• Optimal deployment of advisors and budget
Dispute Resolution
• Advanced Pricing Agreement and MAP: Are they worth the trouble?
Latest Developments
• Latest thinking in BEPS and impact on Asia
Mr Sam SimCo-Founder, Senior of Counsel
WTS Taxise
Accredited Tax Advisor (Income Tax)
Sam is board member of Tax Analysts, previously Regional VP, Europe, Asia and Latin-America for the Tax Executive Institute (TEI), and Chair of the Capital Markets Tax Committee TP sub-committee. He is a senior advisor to Vienna University, Institute for Austrian and International Tax Law, Global Tax Policy Center, a member of the ADIT committee of the UK Chartered Institute of Taxation and a member of the Practice Council for New York University School of Law. Sam is a member of the Income Tax Board of Review hearing income tax appeals cases. He has extensive experience in cross-border taxation, digital tax, transfer pricing, tax controversies including tribunal and APAs and Intellectual Property issues across sectors including technology, banking & finance, manufacturing and distribution.