Tuesday, June 30, 2009

TJN's new transfer pricing project

The Tax Justice Network is launching a new project on transfer pricing and mispricing. This is an issue of paramount importance: estimates by Global Financial Integrity, Christian Aid and others show that hundreds of billions of dollars are estimated to be shifted out of developing countries each year by this method alone. It is also a major problem for developed countries, as multinationals use transfer mispricing to shift income to low tax or no tax jurisdictions.

This major new project will be led by some of the world’s experts in this field, and before too long we will be seeking to produce substantive materials on this subject as a basis for further work and discussion. The transfer pricing project will complement an ongoing campaign by TJN and other organizations and governments in favor of country-by-country reporting.

Currently we have several individual experts who have made commitments to getting involved in this project, and we have made initial contact with organisations who may be interested in taking part in this crucial issue.

Individuals and organisations are welcome to participate. Please contact TJN if you would like to be involved in this ground-breaking initiative.

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