Blockchain technology At the moment the subject of Tax & Technology is hot and highly debated. The debate usually centers on the possible application possibilities, the practical and legal consequences and themes, like privacy, transparency, etc. In this blog article, I would like to give a short overview of the possible future application of blockchain technology in the field of Transfer Pricing. Blockchain technology could perhaps be described as a shared database which holds digital information and allows it to be…
We started this column by doing a bit of transfer-pricing space traveling. But as we all know, experienced space cowboys also do some journeys through time – from time to time at least. Since similarities between the galaxy and the transfer-pricing-universe are galore, you shouldn’t be surprised about our next wisdom.
According to a trustworthy report in Douglas Adams’ “A Hitchhiker’s Guide to the Galaxy” the figure “42” is the answer to the meaning of life, the universe, and everything. As transfer pricing clearly falls within the category of everything, “42” is the key to its mysteries. This column will give you the necessary guidance for your dangerous voyage through the transfer pricing cosmos. 42 basic insights, 42 ‘dos’ and don’ts to make your journey safer and entertaining.
Germany has introduced new regulations on transfer pricing documentation on the basis of the OECD/BEPS rules (local files/master file) which apply to all business years commencing after January 1, 2017. Apart from the general „who has to do what“ there are some special rules worth a closer look.