International transfer pricing : rethinking the arm’s length principle

• Autor(a) principal: Meneses, Pedro Nuno Dias
• Data de Publicação: 2017
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10400.14/34269
• topic: Arm’s length principle; Common consolidated corporate tax base; Formulary apportionment; Separate approach; Transfer pricing; Unitary approach; Princípio da plena concorrência; Base fiscal societária comum e consolidada; Fórmula de repartição; Abordagem separada; Preços de transferência; Abordagem unitária; Domínio/Área Científica::Ciências Sociais::Direito

Considering the current economic reality, one must realize the dominant market position assumed by multinational corporations through the establishment of highly integrated operations between their subsidiaries. Such context is completely contrary to the one where separated and independent enterprises act. In light of a new economic and business paradigm, the arm’s length principle starts to be questioned as the most appropriate method to cope with transfer pricing issues and the negative impacts that may arise from such transactions. At the same time, other approaches are starting to be suggested by academics in order to combat the flaws of the actual system, namely a unitary regime. It is possible to foresee a long discussion about what is the right approach to be adopted, as both standards reveal strengths and weaknesses.