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Translation is key to improving management understanding of TP

May 11, 2011

Sophie Ashley - TPW

Corporate tax executives should translate chapter nine of the OECD’s Transfer Pricing Guidelines into simpler language should be translated by corporate taxpayers so their company's management can better understand them, so said Sharon Tan, senior tax director for Nike in the Asia Pacific region, at the International Tax Review Asia Tax Forum in Singapore today.

Tan spoke on the transfer pricing panel, which discussed the new thinking behind the arm’s-length principle.

Gary Thomas, who moderated the panel, of White & Case’s Tokyo office, Tobey Hill, Asia-Pacific regional tax manager for Citigroup, Yin Chao, the tax manager for transfer pricing at Siemens in China and Michael Quigley, a partner of White & Case in Washington, DC.

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