Transfer pricing refers to the pricing of transactions between related parties within a multinational corporation, and ensuring these prices reflect market conditions and are not influenced by the parties’ relationship. Incorrect transfer pricing and customs valuations, including when importing goods across the Canada-US border, can lead to significant financial consequences, making it crucial for organizations to understand and apply the arm’s length principle.
In this episode of In Focus, Baker McKenzie’s Julia Webster, Chris Raybould and Patrick de Laperouse examine critical steps organizations can take toward compliance, including reviewing policies, updating declared values, and consulting with experts.
This conversation provides essential insights for finance, tax and legal professionals as well as supply chain executives.
Click on the image below to watch the video chat.
