Transfer Pricing Strategies for COVID-19
For multinational companies, COVID-19 has impacted profit and losses, supply chains, cash positions–and as a result, transfer pricing. What is the new normal?
In this discussion series, CrossBorder Solutions’ Chief Economist Mimi Song, along with renowned transfer pricing experts, puts key transfer pricing practices under the microscope to reveal how tax positions may be compromised by the pandemic–and what you can do about it.
June 21st – 24th, 2021 | 1:00 – 2:00 pm EST each day
The Impact of the Pandemic on Benchmarking
Broken supply chains. Stay-at-home orders. Falling demand in products and services. Covid-19 has impacted businesses in extraordinary ways. Some companies have benefitted, and others? Not so much. An erratic environment is hardly ideal for a practice that’s based on comparing intercompany prices with third-party comparables. So, how do you handle benchmarking for fiscal year 2020?
CrossBorder Solutions’ Chief Economist Mimi Song has a few ideas. In this in-depth discussion, she’ll walk you through the problems that Covid-19 has created for transfer pricing benchmarking and offer expert strategies to handle them.
Monday, June 21st | 1:00 – 2:00 pm EST
Intercompany Agreements: What You Need to Know Now
Intercompany agreements are an asset to any company—they’re there, after all, to protect you. Covid-19, however, has forced many companies to change arrangements and shift functions, assets, and risks due to unique Coronavirus impacts on each business. So, what do those agreements mean now? Do they still reflect your business goals? Operating models? And most of all, do they still offer your company protection?
Michelle Almeida, Director of Tax at Virgin Pulse, in Providence, Rhode Island, demonstrates how easily intercompany agreements can become out of sync in catastrophic times. In this discussion, she, along with CrossBorder Solutions’ Chief Economist Mimi Song, offers expert strategies on how to make sure intercompany agreements align with your business and protect the company—even in extraordinary circumstances.
Tuesday, June 22nd | 1:00 – 2:00 pm EST
Why Limited-risk Distributors Should Not Share in COVID-19 Losses—A Minority Opinion
Covid-19 has raised many seemingly unanswerable questions throughout the last year. In terms of transfer pricing, how to handle limited-risk distributors is one of the biggest. Can they share in losses? The OECD says, maybe.
Former SKAT agent Johann Muller says, no. Hear why he thinks these low-risk entities should be protected in this riveting discussion with CrossBorder Solutions Chief Economist Mimi Song.
Wednesday, June 23rd | 1:00 – 2:00 pm EST
How COVID-19 Affects Lending Arrangements
If the pandemic has scrambled your intercompany funding arrangements, you are not alone. Unprecedented volatility in financial markets has created unprecedented uncertainty in transfer pricing and, perhaps, an even greater need for intercompany lending. But the search for arm’s-length interest rates and guarantees is now harder than ever. Do your lending arrangements need re-considering? And where are the hidden risks most likely hiding?
CrossBorder Solutions’ Transfer Pricing Senior Manager Kerry Myford and Chief Economist Mimi Song are here to talk you through it.
Thursday, June 24th | 1:00 – 2:00 pm EST
Meet the Speakers
Mimi Song, Chief Economist, CrossBorder Solutions
Mimi Song has more than 20 years of experience developing innovative and intelligent transfer pricing solutions for multinational corporations.
Michelle Almeida, Director of Tax, Virgin Pulse
Michelle Almeida spent the first nine years of her career in various roles within the Audit and Tax practices at Ernst and Young LLP.
Johann Müller, Transfer Pricing and International Corporate Income Tax Specialist at Johann Müller ApS
Johann Müller teaches transfer pricing and international corporate taxation in a variety of formats: online automated, online face-to-face, and–when life returns to post-COVID normal–in person.
Kerry Myford, Senior Manager Professional Services, CrossBorder Solutions
With more than 20 years in corporate tax, Kerry Myford has faced many transfer pricing issues–APAs, global transfer pricing documentation, HQ services analyses, IP issues, and economic modeling–and has had significant exposure to OECD initiatives in the field of BEPS Action 13 (master file, local file, and CbCR).