Post by LCN Legal

What if BMW designed transfer pricing documentation? The motorbike pictured is the BMW R32 motorbike, the first to be produced under the BMW brand. It first went into production in 1923, despite not looking out of place decades later. The R32 introduced a number of innovations, including a boxer-twin shaft drive layout which is still in use now. The phrase ‘beautifully engineered’ is not ones that would spring to mind in relation to the legal implementation of TP policies for most groups that we’ve come across. Many of them look more like the picture in the link below. We believe that this is often due to a knowledge gap: most TP advisers are not experts in contract drafting. And most lawyers are unfamiliar with the functionality which intercompany agreements actually require. We’ve just updated and expanded our guide on how to create and maintain effective intercompany agreements for TP compliance. Follow the link in the comments below to download your free copy. #transferpricing #beps #compliance