'The global economic meltdown has come with its own set of peculiarities'

Challenge of recession to aggressive transfer pricing

Across the globe, there has been a substantial increase in transfer pricing (TP) audits and disputes, observes Mr Rohan K. Phatarphekar, Executive Director & National Head, Global Transfer Pricing Services, KPMG India. What are the factors contributing to the rise in TP audits? Mounting fiscal demands on governments, compelling need to conserve tax base, constant competitive pressures to structure the business operations efficiently, and an increased collaboration between revenue authorities, reasons Mr Phatarphekar, during a recent email interaction with Business Line.

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