Lang / Petruzzi Transfer Pricing and Business Restructurings

Current Developments, Relevant Issues and Possible Solutions
1. Auflage 2023
ISBN: 978-3-7094-1316-6
Verlag: Linde Verlag Wien
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, Band 136, 100 Seiten

Reihe: Schriftenreihe zum Internationalen Steuerrecht

Transfer pricing and business restructurings: issues and developments

In the ever-evolving global landscape, the ability of businesses to swiftly adapt is crucial for maintaining relevance and competitiveness. This imperative holds true for multinationals, which frequently engage in strategic restructuring of their operations, assets, and resources to realign with the dynamic shifts in market conditions. This dynamic approach enhances operational efficiency, cuts costs, and optimizes financial performance.

However, the intricacies of restructuring, especially in the context of transfer pricing, pose considerable challenges. Despite elaborate guidance from the OECD and UN, transfer pricing considerations in business restructuring remain complex. Determining appropriate transfer pricing methodologies, finding comparable transactions, and ensuring accurate documentation present hurdles for both multinationals and tax administrations.

This publication discusses the most important issues and recent developments related to this theme. It attempts to cover various issues related to business restructuring, including delineation and recognition, remuneration of restructuring and post-restructuring, and other relevant issues such as exit taxes, location savings, permanent establishments, and implications of COVID-19.

This book is based on the outcomes of the presentations and discussions held during the WU Transfer Pricing Symposium, that took place in October 2022 at the WU Vienna University of Economics and Business. The authors, apart from providing a theoretical background to the discussed issues, also present case studies that show how those issues can be approached in practice.

Autoren/Hrsg.

Lang, Michael

Petruzzi, Raffaele

Fachgebiete

• Rechtswissenschaften Steuerrecht Internationales und Europäisches Steuer-, Bilanz- und Rechnungslegungsrecht
• Rechtswissenschaften Allgemeines Verfahrens-, Zivilprozess- und Insolvenzrecht Insolvenzrecht, Konkurs, Unternehmenssanierung
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Internationales Rechnungswesen
• Rechtswissenschaften Ausländisches Recht Österreich

Leseproben

XIIIFigures

Introduction

Figure 1:

Conversion of full-fledged distributor to commissionaire

5

Chapter 1

Figure 1:

OECD’s six-step approach to risk allocation

34

Figure 2:

Illustration of commercial and contractual arrangements post-restructuring

49

Figure 3:

Focal points in managing fashion brands’ supply chains

54

Figure 4:

Technology opportunities across the apparel value chain

55

Chapter 2

Figure 1:

Simplified illustration of the Group’s value chain

79

Figure 2:

Illustration of the transaction flows related to the Italian and Spanish markets under the pre-restructuring scenario

81

Figure 3:

Illustration of the transaction flows related to the Italian and Spanish markets under the post-restructuring scenario

85

Chapter 3

Figure 1:

Compensation of a transfer of function in German transfer pricing regulations

115

Figure 2:

GP GMBH’s global business functional and transactional structure

124

Figure 3:

GP GMBH’s global business in the Centre-led model

127

Chapter 4

Figure 1:

Factors influencing business restructurings

134

Figure 2:

Example of a value chain approach to TP analysis of business restructurings

136

...

Über Autor(innen)

Petruzzi, Raffaele
Raffaele Petruzzi is the Managing Director of the WU Transfer Pricing Center at the Institute for Austrian and International Tax Law at WU (Vienna University of Economics and Business) and an international tax advisor specializing in international tax and transfer pricing at Baker McKenzie, where is part of the EMEA Transfer Pricing Group and is the Head of the Austria Transfer Pricing Group. Raffaele has gained extensive experience in dealing with topics related to international tax and transfer pricing for many years, both from a professional and an academic side. He is a frequent speaker in international conferences and lecturer of numerous courses all over the world, as well as author of many publications. Finally, amongst others, he is a member of the United Nations Subcommittee on Transfer Pricing, of the International Fiscal Association (IFA), and of Transfer Pricing Economists for Development (TPED). Raffaele holds a Ph.D. in International Business Taxation at WU, an LL.M. in International Tax Law at WU, and an M.Sc. in Business Administration and Law at Bocconi University.

Lang, Michael
Michael Lang ist Vorstand des Instituts für Österreichisches und Internationales Steuerrecht, Wissenschaftlicher Leiter des LL.M.-Studiums International Tax Law sowie Sprecher des Doktorandenkollegs „Doctoral Program in International Business Taxation (DIBT)“ der WU.