Global Transfer Pricing Policy Development
What you'll learn
- Define the role of the OECD and it’s authority in governing transfer pricing policy globally.
- Assess participant’s current transfer pricing policy against the 5 allowable OECD alternative methodologies.
- Evaluate the risk of double taxation and how to calculate the financial impact.
- Articulate the 7 steps of the transfer pricing policy development cycle.
Requirements
- Experience with corporate income tax and a basic knowledge of international tax and exchange between legal entities within a Multi- National Enterprise is helpful.
Description
Global transfer pricing—the price at which an enterprise transfers goods, properties and services to associated enterprises—directly impacts a company’s profitability and tax liability. For this reason, global transfer pricing is under increasing scrutiny as more governments seek to increase their tax revenues.
Taught by transfer pricing expert and finance leader David Galmaski, this course explains the nature and implications of global transfer pricing policy, provides an overview of the OECD and its governing role with global tax authorities, and presents real-world examples of “getting it right,” from a business, taxation, and fiduciary perspective. You also hear the instructor’s first-hand experience with MNEs and the gaps identified within existing policies.
Additional content includes:
Life cycle of a global transfer pricing policy
Process steps, including functional analysis, business characterization, tax policy and compatibility, comparables analysis, method selection, contemporaneous documentation, and ongoing update and maintenance
The current environment with respect to revenue audits and transfer pricing audits
The potential legal and tax exposures resulting from a faulty transfer pricing policy as well as the risks of potential double taxation.
Who this course is for:
- Anyone Finance, Accounting, International Business, or related fields.
Course content
- Preview10:43
- 08:22Current Environment and Risks
- 07:01Transfer Pricing Policy Development
- 06:15Steps for Developing a Transfer Pricing Policy
- 11:19Managing Change to a TP Policy
- 08:56TP Process Development Cycle and the Benefits of Doing It Right
Instructors
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Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.
Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.
Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.
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Mr. Gamalski is Principal at DAG Financial and Business Consulting, providing Interim CFO services, Global Transfer Pricing Design and Implementation, Project Management Services, and Cost Accounting Calibration Services.
Professional background includes Finance Director to CFO within multi-billion dollar Multi-national Enterprises including, Honeywell Aerospace, Paradigm Precision, Power-one, MicroAge, Chromalloy, and Information Network Corporation.
Mr. Gamalski is a CPA - Certified Public Accountant, CGMA - Chartered Global Management Accountant, and CTS - Certified Transfer Pricing Specialist. He is an active member of the AICAP - American Institute of Certified Public Accountants, ASCPA - Arizona Society of Certified Public Accountants, and AAFM - American Academy of Financial Management.