Journals Information
Universal Journal of Accounting and Finance Vol. 10(1), pp. 219 - 230
DOI: 10.13189/ujaf.2022.100123
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Transfer Pricing Documentation: Globalization and Regional Optimization
Svitlana Y. Korol 1,*, Olena I. Nykyforuk 2, Ulyana V. Pelekh 3, Nataliia S. Barabash 4, Olha M. Romashko 1
1 Department of Accounting and Taxation, Faculty of Finance and Accounting, Kyiv National University of Trade and Economics, Ukraine
2 Department of Infrastructure Development of SO Institute for Economics and Forecasting, 26 Panasa Myrnogo Street, Ukraine
3 Department of Accounting and Audit, Economic Faculty, Ivan Franko National University of Lviv, Ukraine
4 Department of Economics and Business Finance, Faculty of Economics, Management and Psychology, Kyiv National University of Trade and Economics, Ukraine
ABSTRACT
The study was conducted in order to assess and analyse the impact of globalization and regional optimization on the activities of economic entities that are required to prepare transfer pricing documentation. The methodological background of the study involved the following methods: generalization, explanation, grouping, induction and deduction, as well as analysis and synthesis, which were used to clarify the main scientific categories of research and substantiate the research results. Methods of schematic and graphical representation were used to visualize analytical data, formulate assumptions and substantiate the obtained results. The main focus of the study is on the analysis of the causes of global economic risks and the role of transfer pricing documentation, whose quality will help mitigate the negative consequences of undesirable events for the global economic system. The study found that not all countries apply the international instrument 鈥� Multilateral Convention to Implement Tax Treatment Related Measures to Prevent BEPS (MLI). Many countries that have started to use MLI reporting, have no uniform standardized rules for the preparation of transfer pricing documentation. The legislation only defines the list of information to be submitted by taxpayers, provided that the results of their business activities meet certain criteria. The development of a unified methodology for valuing financial assets for tax purposes and preventing their use in illegal financial transactions are the promising areas for further research.
KEYWORDS
Base Erosion, Corporate Income Tax, Developing Countries, Foreign Direct Investment, Inequality, International Taxation, Profit Shifting, Tax Avoidance, Tax Havens
Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Svitlana Y. Korol , Olena I. Nykyforuk , Ulyana V. Pelekh , Nataliia S. Barabash , Olha M. Romashko , "Transfer Pricing Documentation: Globalization and Regional Optimization," Universal Journal of Accounting and Finance, Vol. 10, No. 1, pp. 219 - 230, 2022. DOI: 10.13189/ujaf.2022.100123.
(b). APA Format:
Svitlana Y. Korol , Olena I. Nykyforuk , Ulyana V. Pelekh , Nataliia S. Barabash , Olha M. Romashko (2022). Transfer Pricing Documentation: Globalization and Regional Optimization. Universal Journal of Accounting and Finance, 10(1), 219 - 230. DOI: 10.13189/ujaf.2022.100123.