How 85% of the global economy came to be covered by transfer pricing regulations. Chart by @phdskatpic.twitter.com/VHCErlVhc9
Business and sustainable development. Accountability. Tax. Feminist test case. Media: Tom Gardner at Slater & Gordon 0207 657 1690 press@slatergordon.co.uk
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
Add this Tweet to your website by copying the code below. Learn more
Add this video to your website by copying the code below. Learn more
By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.
| Country | Code | For customers of |
|---|---|---|
| United States | 40404 | (any) |
| Canada | 21212 | (any) |
| United Kingdom | 86444 | Vodafone, Orange, 3, O2 |
| Brazil | 40404 | Nextel, TIM |
| Haiti | 40404 | Digicel, Voila |
| Ireland | 51210 | Vodafone, O2 |
| India | 53000 | Bharti Airtel, Videocon, Reliance |
| Indonesia | 89887 | AXIS, 3, Telkomsel, Indosat, XL Axiata |
| Italy | 4880804 | Wind |
| 3424486444 | Vodafone | |
| » See SMS short codes for other countries | ||
This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.
Hover over the profile pic and click the Following button to unfollow any account.
When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.
The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.
Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.
Get instant insight into what people are talking about now.
Follow more accounts to get instant updates about topics you care about.
See the latest conversations about any topic instantly.
Catch up instantly on the best stories happening as they unfold.
How 85% of the global economy came to be covered by transfer pricing regulations. Chart by @phdskatpic.twitter.com/VHCErlVhc9
Are they generally seen as effective regulations?
Significantly curtailing transfer pricing such that public sector revenues collected by each country are proportionate to the value actually added or value of resources extracted in that country.
Transfer pricing as such does not erode revenues (it's just a generic mechanism that countries have agreed for allocation of taxable income), but abuse of the practice can definitely do it. On that, the evidence suggests TP regulations are generally effective, yes
Interesting. So what is the ‘transfer pricing’ done by multinationals to lower their effective tax rate across countries, irrespective of the general menchanism among govts, called?
There's a Danish idiom that roughly translates as "cherished child has many names" :) Transfer *mis*pricing, corporate tax avoidance, base erosion and/or profit shifting, illicit financial flows (which Maya loves), "tax dodging", aggressive tax planning, etc.
NB " I'm told by tax people that 'Transfer Mispricing' sounds wrong (like saying 'human non-rights' ) I think they say non-arms length TP. 'BEPs' seems to be most common lingua franca, although thats ™ OECD !
Transfer mispricing is my favoured term.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.