from various industry fields.
Transfer Pricing in the Consumer Goods Manufacturing and Distribution Sector
Description
We worked with a leading company in the manufacturing and distribution of consumer goods sector. The company had a global network of manufacturing and distribution centers and faced challenges in aligning transfer pricing with regulatory frameworks and achieving efficient transfer pricing management in all entities.
Solution
We conducted a comprehensive analysis of the company’s business model, identified key aspects of transfer pricing, and proposed optimized strategies. Utilizing the TP Catalyst database allowed us to perform benchmarking analyses and comparisons with competitors. We adjusted the transfer pricing structure, improved transfer pricing documentation, and provided guidelines for applying appropriate cost allocation methods.
Results
Implementing our recommendations resulted in the alignment of transfer pricing with regulatory frameworks, reduced risk of tax disputes, and increased efficiency in managing transfer pricing. The company achieved transparency and consistency in the application of transfer pricing across its global network of entities, resulting in reduced tax risks and optimized business processes.
Transfer Pricing in the Information Technology (IT) Sector
Description
We conducted a transfer pricing optimization project for a company in the information technology sector with a global presence and a complex business model. The company wanted to improve the efficiency of its transfer pricing, ensure consistency in the application of transfer pricing, and reduce tax risks.
Solution
Our team of transfer pricing experts performed a thorough analysis of the company’s existing transfer pricing, identified weaknesses, and recommended an optimized approach. We used the TP Catalyst database to compare the company’s transfer pricing with competitors and industry standards. We also provided guidelines for applying cost allocation methods and improving transfer pricing documentation.
Results
Implementing our recommendations resulted in improved efficiency of the company’s transfer pricing, consistent application of transfer pricing, and reduced tax risks. The company achieved greater transparency in managing transfer pricing, which resulted in increased trust from clients and partners.
Transfer Pricing in the Energy and Renewable Energy Sector
Description
Our company collaborated with a large energy sector company active in renewable energy. The company faced complex challenges in aligning transfer pricing with the regulatory framework in the countries where it operated and efficiently managing transfer pricing between different entities in its business chain.
Solution
Our team analyzed regulatory requirements and tax regulations in all relevant jurisdictions. Combining this knowledge with expertise in transfer pricing, we provided the company with recommendations for optimizing transfer pricing and reducing tax risks. We also helped develop an efficient transfer pricing management system, including transparent documentation and clear procedures for applying transfer pricing.
Results
Thanks to our engagement, the company was able to align transfer pricing with regulatory requirements in all the countries where it operated. It also achieved more efficient management of transfer pricing within its business chain, reduced tax risks, and increased transparency in its business activities.
Optimization of Transfer Pricing for a Pharmaceutical Company
Description
Our team worked with a large pharmaceutical company that faced the complexity of managing transfer pricing in a global network of entities. The company wanted to improve its transfer pricing documentation, reduce the risk of tax disputes, and ensure consistency in the application of transfer pricing.
Solution
We conducted a thorough review of the company’s existing transfer pricing and documentation, identified shortcomings, and recommended optimization. Our team provided expertise in the application of cost allocation methods, analyzed the competition, and used the TP Catalyst database for benchmarking analyses. We developed consistent guidelines for applying transfer pricing across all company entities, with clear procedures and documentation.
Results
After implementing our recommendations, the pharmaceutical company achieved greater consistency in the application of transfer pricing, reduced the risk of tax disputes, and improved transparency in its operations. This resulted in reduced tax risks and greater efficiency in managing transfer pricing globally.
Transfer Pricing Analysis for a Startup in the Technology Sector
Description
We worked with a startup company in the technology sector that was in the growth phase and expanding into the global market. The company faced challenges in setting appropriate transfer pricing for its products and services and complying with tax regulations in various jurisdictions.
Solution
Our team conducted a thorough analysis of the company’s business model, market conditions, and regulatory framework. Combining expertise in transfer pricing with knowledge of the technology sector, we provided the company with guidelines for setting competitive and compliant transfer prices. We also supported the preparation of transfer pricing documentation to ensure transparency and consistency.
Results
Thanks to our engagement, the startup company was able to align its transfer pricing with regulations in the relevant jurisdictions. The company also improved its competitiveness in the global market and gained the trust of investors and partners.
Optimization of Transfer Pricing for a Multinational Company in the Automotive Industry
Description
Our firm was engaged by a multinational company in the automotive industry to help optimize their transfer pricing. The company had an extensive network of related entities in various countries and faced challenges in aligning their transfer pricing with international standards and regulations.
Solution
Our team of transfer pricing experts conducted a comprehensive analysis of the existing transfer pricing, identified potential shortcomings, and proposed optimized transfer pricing strategies. Utilizing the TP Catalyst database allowed us to perform benchmarking analyses against industry standards and competition. Our recommendations included restructuring transfer pricing, improving transfer pricing documentation, and applying appropriate cost allocation methods.
Results
Implementing our recommendations led to improved regulatory compliance, reduced transfer pricing risks, and optimized tax efficiency for the company. Additionally, there were noticeable improvements in operational efficiency and transparency of transfer pricing within the multinational network.
Kreston MDM Edu e-learning platform offers multiple courses in the area of transfer pricing, so click here to access the knowledge.