Growing multinational companies juggle many tax responsibilities. Here are some tips for keeping all the balls in the air.
Internal resources may not be enough to cover all your tax needs. GTM’s co-sourcing solution is the strategic and cost-effective alternative for your tax department.
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In today’s rapidly evolving regulatory environment, tax authorities are intensifying their scrutiny of international and domestic transfer pricing policies for cross-border transactions. The OECD’s Pillar One and Pillar Two initiatives, which address the taxation of the digital economy and introduce a global minimum tax, represent significant shifts in corporate tax reform. Concurrently, the economic landscape is being shaped by ongoing geopolitical tensions, inflationary pressures, and technological advancements. These factors, combined with persistent supply chain challenges and a competitive talent market, are leaving multinational companies without the dedicated in-house transfer pricing resources when they need them the most.
GTM brings the deep technical knowledge, international tax experience, and a worldwide tax network that companies need to navigate this volatile landscape. We offer a full array of operational transfer pricing services, from conducting functional analyses and benchmarking studies, to crafting intercompany policies and transfer pricing documentation and planning.
GTM’s transfer pricing team brings extra expertise and resources when and where needed. We work side-by-side with tax departments and perform the same day-to-day operational transfer pricing tasks of an in-house transfer pricing specialist, but with added benefits including strategic insights, best practices from other leading companies, and the strength of our alliance with WTS Global.
Multinational enterprises face a host of disparate transfer pricing documentation requirements in the multiple tax jurisdictions where they operate. Failure to have thoughtful and defensible transfer pricing positions documented in a robust package may expose companies to onerous interest and penalties, and in some cases double taxation. GTM takes a risk-based approach to preparing contemporaneous transfer pricing documentation, focusing our efforts on applying the best method for analyzing the transfer pricing results of high-value intercompany transactions, transactions specifically targeted by certain tax authorities such as those involving intangibles, and transactions involving tax jurisdictions where tax audits are probable. GTM prepares documentation that shields your company from penalties while also serving as a first line of defense in case of a tax audit.
With GTM supporting your operational transfer pricing needs, your tax department is freed up to manage strategic priorities. Let GTM shoulder the burden of processing routine management fee calculations, drafting policies and streamlined processes to manage transfer pricing, and working with your legal department to memorialize transfer pricing policies in intercompany contracts.
GTM is a tax-only firm serving mid-to-large size corporate tax departments. Many of our engagement teams have been working side-by-side with our clients for years, enabling the client to build trust, loyalty, and comfort. We have an impressive mix of mid-size to large multinational provision clients who continue to rely upon GTM transfer pricing consultants and other tax functions.
GTM is a U.S. alliance partner of WTS Global. With local presence in more than 100 countries worldwide, this relationship gives us the ability to deliver international tax planning and country-specific tax services in a unified manner under one coordinated point-of-contact.
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In their latest article for GTM Tax Insights, GTM’s Transfer Pricing team simple example that illustrates an approach for analyzing the potential change in Brazilian…
