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Daily Tax Report: International
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Feb. 26, 2024, 12:19 AM HST


AUSTRALIA BACKS OPTIONAL APPROACH TO OECD TRANSFER PRICING RULES

By Deborah Nesbitt

Deborah Nesbitt
Freelance Correspondent


Australia backs countries being able to choose whether or not to opt into the
Organization for Economic Cooperation and Development’s new transfer pricing
rules for incoming goods according to their own interests, tax officials have
said.

An OECD guide to Pillar One-Amount B released last week aims to simplify
transfer pricing methods for baseline marketing and distribution transactions of
tangible goods. Its approach allows countries to choose whether to apply the
methods in their jurisdictions, or not.

“Optionality will allow countries to make decisions based on their interests,
needs and capacities, while preserving the internationally accepted arms-length
principle,” an Australian ...


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