Nitin Narang, Partner- Transfer Pricing and Adarash Rathi, Director contributed an article on Transfer Pricing – Inching Closer to Global Standards for Taxsutra.

The application of arm’s length principle (ALP) to intra-group Financial Transactions (FT) has been an intricate and contentious issue for multinational enterprises (MNE) in recent years. Recently, two of the big intergovernmental organizations, Organisation for Economic Cooperation and Development (OECD) and the United Nations (UN) released a series of proposals (in July 2018 by OECD and on 08 April 2019 by UN) with respect to FT. Nitin Narang, Partner and Adarsh Rathi, Director- Transfer Pricing & International Tax contributed an piece on UN Draft Guidance on Financial Transactions – A Welcome Move for Tax sutra

Aimed at providing relief to subsidiaries of US multinationals and ensuring a check on cross-border tax evasion, India has notified the inter-governmental agreement with the United States for exchange of country-by-country (CbC) reports filed by multinational enterprises (MNEs) regarding income allocation and payment of taxes. india-notifies-pact-with-us-to-check-tax-evasion-by-mncs-nitin-narang-2