September 30, 2009

Transfer Pricing in 2009/2010: Balancing the Requirements with Your Tightened Budget

Current economic conditions have triggered increased transfer pricing enforcement and greater compliance demands, while at the same time corporate budgets have all but frozen.  How are companies getting by? This presentation will explain trends, address the most common – and challenging – audit questions, and help you leverage other companies’ best practices.

What will be covered
Participants will gain insight on best practices for navigating through this difficult transfer pricing environment. Far from summarizing regulations and requirements, the content of this presentation will provide crucial answers for some of the most challenging questions faced by tax directors.  

This 60-90 minute webinar will provide participants with a conceptual understanding and practical application of the following:

1. Current Environment and Trends: What Should Companies Prepare for?
   1. Global transfer pricing environment and areas of scrutiny
   2. Obama tax plan and impact on transfer pricing
   3. IRS news, audit tactics and team expansions
2. Questions Being Asked by the IRS, External Auditors, and Foreign Tax Authorities – and How Companies are Responding
   1. How have you implemented the new U.S. services regulations?
   2. What have you done to evaluate transfer pricing risks under FIN 48?
   3. What are the company’s key intangibles, and how are these being appropriately charged for globally?
   4. What countries have operations but no transfer pricing reports?
3. Questions Being Asked by Companies When Facing New Challenges in 2009, and Best Practices for  Addressing Them
   1. My transactions are now out of last year’s range due to the economy. Can I still comply with the arm’s length standard?
   2. What happens when a firm enters bankruptcy?
   3. How do I prioritize transfer pricing projects given a limited budget?
   4. How do I interpret FIN 48’s Recognition and Measurement steps for transfer pricing positions?
   5. How do I make the transfer pricing documentation process more efficient?
   6. My foreign controllers are telling me new services charges will be denied by local tax authorities. How can I successfully implement the new US services regulations given this?

Education Objectives 

Participants will learn how to:

1. Understand the most important, need-to-know trends regarding transfer pricing enforcement and audit tactics
2. Anticipate and respond to the most common and challenging questions encountered in transfer pricing audits
3. Work with limited budgets to optimize risk management and prioritize compliance initiatives
4. Leverage other companies’ best practices for dealing with transfer pricing concerns in an economic downturn

Recorded on September 30, 2009, this event is available on CD for purchase.