Transfer pricing taxes Swatch

Links: PwC demands delay to start of transfer pricing

The newspaper claimed that transfer pricing is becoming a serious bone of contention with tax authorities, who are peeved that multinational corporations shift profits into low-tax jurisdictions.

The report names an official in the finance department official at Swatch’s group headquarters in Switzerland, who appears on e-mails to be wrestling with the problem that tax authorities might put an adverse construction on internal documents.

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