Focusing on transfer pricing from an economic and business viewpoint, this book offers a clear introduction to essential concepts while avoiding complex tax law discussions. Through case studies, it illustrates the application of effective transfer pricing methods for typical intercompany transactions. The step-by-step guidance, enhanced by Excel-based tools, helps readers comply with the arm's length principle to mitigate tax risks. Grounded in the post-BEPS OECD Guidelines, the content is relevant for a global audience.
In recent years, the competitiveness of many European economies has come under scrutiny. This book offers a thorough analysis of the European Commission's unsuccessful efforts to enhance competitiveness and reevaluates the rationale for transferring powers to the EU. The Lisbon Strategy, launched in 2000, failed to transform Europe into the world's most competitive economy, and its successor, Europe 2020, is unlikely to succeed given that critical lessons remain unaddressed. The findings indicate that the evolution of European economic policymaking is concerning. Among the proposed remedies, the idea of establishing a common European economic government is gaining traction, aiming to ensure stability and prosperity through further delegation of powers to the EU. However, the analysis of the Lisbon Strategy does not provide solutions to the ongoing crisis but offers insights into the potential success of a European economic government. It is crucial to recognize that the Lisbon Strategy serves as a blueprint for such governance. The book evaluates the rationale for delegating competences to the EU, highlighting that significant externalities and shared preferences among Member States typically justify this. However, the current approach often overlooks the diversity of preferences in Europe, undermining the principle of subsidiarity, which was designed to prevent excessive centralization. Ultimately, the book advocates for coop
