A look at the segment reporting practices of some Fortune 500 companies

Tang, Roger Y. W.; Jie, Zhao

doi:10.1002/(sici)1097-0053(199921)10:3<127::aid-jcaf12>3.3.co;2-g

Cited by 3 publications

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“…Although transfer pricing has frequently been identified as an important tool for tax avoidance, detailed information on how transfer pricing is used in intra-firm trade are rarely available (Ylönen and Laine, 2015). MNCs rarely provide any meaningful information about their transfer pricing practices in their corporate financial reports (Tang and Zhao, 1999;Sikka and Willmott, 2010). Tax auditors are required to carry out rigorous examination and investigation of MNC taxpayers to ensure that the local government receives the appropriate amount of revenues resulting from transfer pricing transactions.…”

Section: Introductionmentioning

confidence: 99%

Multinational transfer pricing of intangible assets: Indonesian tax auditors’ perspectives

Muhammadi

Ahmed

Habib

2016

ARA

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Purpose The purpose of this paper is to examine the challenges faced by Indonesian tax auditors in auditing multinational transfer prices of intangible assets. This study then explores the suitability of mechanisms currently used by Indonesian tax auditors to ensure appropriate tax audit adjustments. Design/methodology/approach The authors use a qualitative research method involving semi-structured and open-ended interviews with the tax auditors in Indonesia. The authors also include some Indonesia court decisions pertinent to the research question above. Findings Findings indicate that Indonesian tax auditors face a number of difficulties during the audit of transfer pricing cases derived from intangible property, including a lack of transparency in taxpayers’ bookkeeping; limited taxpayer cooperation in providing data and documents; transfer pricing regulations; and problems related to organization and human resources. The study also finds that Indonesian tax auditors and tax officials handle transfer pricing cases by using a legal basis as reference and by performing a number of activities, including among others, comparable analysis. Originality/value The findings of this study should assist policy makers to improve the quality of transfer pricing audit. Also, tax auditors and account representatives who do not have enough experience in auditing transfer pricing cases derived from intangible property rights might use the outcomes of this study as a guide for dealing with those cases.

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Section: Introductionmentioning

confidence: 99%

Multinational transfer pricing of intangible assets: Indonesian tax auditors’ perspectives

Muhammadi

Ahmed

Habib

2016

ARA

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“…Research involving the "major customer" aspect of FAS 14 has been limited primarily to reporting practices (see Beresford and Buckner, 1978;Steele, 1983;and Thompson and Fowler, 1993). Since the release of FAS 131, research has focused primarily on market changes from FAS 14 to FAS 131 (see Tang and Zhao, 1999;Street et. al., 2000;Botosan and Stanford, 2005;Ettredge et.…”

Section: Scoping the Boundaries For Reportingmentioning

confidence: 99%

Accounting for Collaborative Supply Chain Relationships: Issues and Strategies

Sutton¹,

Smedley²,

Arnold³

2008

IJDAR

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Abstract. The purpose of this discussion paper is to explore the contemporary business model that has arisen with the advent of B2B e-commerce systems in order to better understand the improvements needed in the financial reporting model. The contemporary business model has relegated the enterprise-centric view of corporate competition and the current financial reporting model to insignificance in many instances. Rather, today's business environment is one dominated by competition between supply chains with an organization's success ultimately hinging on the viability and success of its supply chain partners as much as, or more than, enterprise-centric policies and decisions. As a result, these highly integrative systems connect supply chain partners in a manner that is more tightly coupled than most consolidated entities. Still, the current financial reporting model fails to even minimally capture the complexity of this new reality. This discussion paper provides the foundation for elaborating on a detailed discussion of how this business model could be more accurately captured through an enhanced business reporting model.

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“…But most of the corporates financial reports rarely provide relevant information about transfer pricing practices. [3,7] The aim is therefore to create the procedures that will accept and respect the arm´s length principle.…”

Section: Introductionmentioning

confidence: 99%

Is the legislation important in the context of transfer pricing?

Zvaríková

Kovalová

2021

SHS Web of Conf.

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Research background: The continuing trend of globalization and interconnection of national economics is reviling many opportunities as well as threats arising from this development. The transfer pricing is one of these issues as a legal framework to adjust the tax base. But on the other hand, this issue also affects other important areas and reveals its risks. There is focused on the transfer pricing and its legal framework in these presented papers as recent years have indicated that there is a huge necessity to regulate and legislatively define the transfer pricing on the part of the state. And although we can take the opinion that this is a modern issue, we have been encountering this problem since 1915 and since this time it is gaining in its importance. Purpose of the article: We can distinguish two different parties. On the one hand, there is a company (most of the time its multinational company) with its goal to achieve the best possible efficiency also by paying the lowest possible taxes. On the other hand, we recognize the state with his aim of optimal tax policy allowing it to maximize the amount of collected taxes, i. e. it should be in the best interest of the state to define the transfer pricing precisely to prevent possible tax evasion. Methods: The main method used in the article is literature research and analysis of the law documents. Findings & Value added: The aim of this article is to identify the basic legislative guidelines in the field of transfer pricing in the international level as well as in the level of the Slovak republic.

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A look at the segment reporting practices of some Fortune 500 companies

Cited by 3 publications

References 0 publications

Multinational transfer pricing of intangible assets: Indonesian tax auditors’ perspectives

Multinational transfer pricing of intangible assets: Indonesian tax auditors’ perspectives

Accounting for Collaborative Supply Chain Relationships: Issues and Strategies

Is the legislation important in the context of transfer pricing?

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