Transfer pricing and its challenges

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• whatever 12 years ago

  failing that, why aren't we putting together commodity exchanges where all that is produced in this country is sold and bought on an open market?
  
  Creating those parallel structures will give us the flexibility of shaping ...
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  failing that, why aren't we putting together commodity exchanges where all that is produced in this country is sold and bought on an open market?
  
  Creating those parallel structures will give us the flexibility of shaping our laws to support our economies whatever the multi nationals decide to do.
  
  If anyone needs any inputs they should request it from the market and get best prices for themselves. In the same way if they have anything to sell whatsoever, they should put it on the same market for best prices for themselves. That way we will be eliminating many of these avenues for corruption. The arms length principle is about openness and transparency so those whose numbers smell fishy, would be made to deal on the open market and of course the market will have oversight authorities.
  
  It won't take a serious group of people one year to set up a commodities exchange...and I don't believe we need dedicated edifices for that in this electronic age.

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• Dr Robert K Glah 12 years ago

  Yes, arms length price demands open market price and existence of a market in Navrongo or Chicago.
  Yet in Africa and the developing contries that open market is wanting.
  To establish commodity exchange market would address ...
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  Yes, arms length price demands open market price and existence of a market in Navrongo or Chicago.
  Yet in Africa and the developing contries that open market is wanting.
  To establish commodity exchange market would address the issue of transfer pricing in that market.
  
  If transfer price issue is competently addressed tax evasion by multinational corporations will be minimised and resort to the IMF for loans or other markets for loans would become unnecessary.
  
  The Finance Minister, Mr Terkper, can take a leaf from that book in order to give teeth to his 2013 Budget proposals.

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• Dr. Gbiel 12 years ago

  Sure! It is related party transactions: subsidiaries, % of ownership, and governance or controllership of a company. Ghana can choose to go with the UN or OECD model, or a trade treaty agreement with respective countries. It ...
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  Sure! It is related party transactions: subsidiaries, % of ownership, and governance or controllership of a company. Ghana can choose to go with the UN or OECD model, or a trade treaty agreement with respective countries. It is the IRS judges that can best handle such matters not necessarilty the courts.

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