Podcast episode 21: What the Glencore case means for transfer pricing

Tim Keeling and Keith Swan discuss current considerations in complying with Australia’s transfer pricing rules now that the Full Federal Court decision in the Commissioner of Taxation versus Glencore Investment Pty Ltd stands, as well as emerging trends and transfer pricing considerations with respect to COVID-19.

“The judges here have clearly, as you say, taken a slightly lower standard in terms of the onus of proof and degree of evidence needed with these reference points versus a perfect comparable and it will be interesting to see how both taxpayers and the ATO respond to that,” Tim Keeling said. See related article: High Court sides with taxpayer in transfer pricing case More episodes can be found at KPMG Tax Now – podcasts.

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Authors: Tim Keeling, Keith Swan

Published Date: 02 June 2021