Recent Activities at the Joint Transfer Pricing ForumBy Robert Robillard - 29 July 2014
This blogpost originally appeared on rbrt.ca.
The Joint Transfer Pricing Forum (JPTF, European Commission) has been fairly active in the last few months. Here are some highlights.
“On 4 June the Commission adopted a Communication (293 kB) on the work of the EU Joint Transfer Pricing Forum (JTPF) in the period July 2012 to January 2014 which includes the JTPF reports on secondary adjustments, transfer pricing risk management and compensating adjustments.”
View that paper here.
“The JTPF published Transfer Pricing Profiles of all EU Member States which contain information about domestic transfer pricing frameworks, Competent Authorities’ contact details and other useful information for taxpayers and tax authorities.”
EU Joint Transfer Pricing Forum: Summary record of the meeting of 6 March 2014.
Taxation trends in the European Union, 2014 edition, is online. The European Commission explains:
“This report contains a detailed statistical and economic analysis of the tax systems of the Member States of the European Union, plus Iceland and Norway, which are Members of the European Economic Area. The data are presented within a unified statistical framework (the ESA95 harmonised system of national and regional accounts), which makes it possible to assess the heterogeneous national tax systems on a fully comparable basis.
The standard classifications of tax revenues (by major type of tax or by level of government) presented in most international tax revenue statistics are hard to interpret in economic terms. This publication stands out for offering a breakdown of tax revenues by economic function (i.e. according to whether they are raised on consumption, labour or capital). This classification is based on disaggregated tax data and on a breakdown of the revenue from the personal income tax. Besides revenue data, the report also contains indicators of the average effective tax rate falling on consumption, labour and capital, as well as data on environmental and property taxation and on the top rates for the personal and corporate income tax.
Country chapters give an overview of the tax system in each of the 30 countries covered, the revenue trends and the main recent policy changes. Detailed tables allow comparison between the individual countries and European averages. Data cover the 2000-2012 period and are presented both as a percentage of GDP and as a percentage of total taxation.”
See the full report here.
New Taxation papers, recently published by the EC includes:
Taxation paper No 45: Effective Corporate Taxation, Tax Incidence and Tax Reforms: Evidence from OECD Countries (Salvador Barrios, Gaëtan Nicodème, Antonio Jesus Sanchez Fuentes)
Taxation paper No 43: Financial Activities Taxes, Bank Levies and Systemic Risk (Giuseppina Cannas, Jessica Cariboni, Massimo Marchesi, Gaëtan Nicodème, Marco Petracco Giudici, Stefano Zedda)
View every available papers here.
Robert Robillard, CPA, CGA, MBA, M.Sc. Econ.
Transfer Pricing Chief Economist, RBRT Inc.
514-742-8086; robert.robillard “at” rbrt.ca
RBRT Inc. is all about transfer pricing. We specialize in transfer pricing. Our services include transfer pricing documentation, transfer pricing dispute resolution, advanced pricing agreement (APA), value chain management and TP planning, transfer pricing training. The information in this blog post is general information only. Data and information come from sources believed to be reliable but complete accuracy cannot be guaranteed. RBRT Inc. and the author are not responsible or liable for any error, omission or inaccuracy in such information. Readers should seek independent tax advice and tax counsel from RBRT Inc. as required.