Stoked to share my latest co-authored piece titled “How Blockchain Can Unlock The Chain Of Transfer Pricing Complexity”. Thanks to my co-authors, Ankit Saraogi and Loveena Manaktala, for making it possible.
In this article, we have tried to cover blockchain technology in quite detail, as we feel it is important to first know how the technology works before knowing its integration with other areas in which it can be used. Then we move to its integration with transfer pricing wherein we have discussed the following:
~ Automatic ALP calculations;
~ Appropriate attribution of profits based on proper delineation of F-A-R;
~ Streamlining the audit proceedings for all stakeholders;
~ Managing intra-group transactions and settlements;
~ Supply chain management;
~ Real-time payments
The article was originally published in the December edition of the Tax Management International Journal (TMIJ) of Bloomberg BNA.
Click here to access the paywalled article.
Click here to access the full version for free.
Image credits: https://kariera.future-processing.pl