外文翻译转让定价方法的概况和批判性Word文档下载推荐.docx
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外文翻译转让定价方法的概况和批判性Word文档下载推荐.docx
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原文:
OverviewandCritiqueofExistingTransferPricingMethods
InthisChapter,weprovideanoverviewofthecurrenttransferpricingregulationspertainingtointra-grouptransfersoftangibleandintangibleproperty,theperformanceofservices,cost-sharingandglobaldealing.Ourdiscussionconsistsof(a)adescriptionofindividualmethodologiesandthecircumstancesinwhichtheyareapplied;
(b)areviewoftheeconomicrationaleforeachmethodology;
(c)acritiqueofsuchrationale;
and(d)anassessmentofpracticalimplications.
TheU.S.andOECDtransferpricingregulationsandguidelinessanctionfivetransferpricingmethodologies:
1.Thecomparableprofitsmethodor“CPM”(referredtointheOECDGuidelinesasthetransactionalnetmarginmethodor“TNMM”);
2.Theresalepricemethodor“RPM”;
3.Thecostplusmethod;
4.Thecomparableuncontrolledprice(or“CUP”)method;
5.Theprofitsplitmethod.
Taxpayersarealsopermittedtoestablishfeesforintercompanyservicesrenderedtoaffiliatesbasedoncostsalone(withoutaprofitelement)undercertaincircumstances.Affiliatedlendersmaychargeapublishedsafeharborfloatingloanrate(the“ApplicableFederalRate”),or,alternatively,theymaydeterminetheprevailingmarketloanrategiventhecreditratingoftheborrowerandtheloanterms.
TheU.S.transferpricingregimealsoencompassesintra-firm“cost-sharing”and“globaldealing”asspecialcases,addressedinseparateprovisions.Cost-sharingregulationsgoverncircumstancesinwhichrelatedcompaniesjointlycontributetoresearchanddevelopmentactivities,andareassignedspecific,non-overlappingownershiprightsintheresearchresults.Theterm“globaldealingoperation”referstomultinationalfinancialintermediariesthatbuyandsellfinancialproducts,manageriskandexecutetransactionsonbehalfofcustomers.Theproposedglobaldealingregulationsdonotformallyencompasstheglobaltradingofphysicalcommodities(asdistinctfromfinancialproducts),although“theIRSsolicitscommentsonwhethertheseregulationsshouldbeextendedtocoverdealersincommodities...”
3.2ResalePriceandCostPlusmethods
Considernexttheresalepriceandcostplusmethods.Botharetransactions-basedmethodsthattheOECDfavorsovertheCPM/TNMM.
3.2.1CircumstanceswhenResalePriceandCostPlusmethodsApply
Theresalepriceandcostplusmethods(and,undertheU.S.TemporaryRegulations,thegrossservicesmarginmethodandthecostofservicesplusmethod)canbeappliedunderthefollowingfactpatterns:
1.Asinglemanufacturersellssimilarproductstobothaffiliatedandunaffiliateddistributors;
2.Asingledistributorsourcessimilarproductsfrombothaffiliatedandunaffiliatedsuppliers;
3.Asingleservicesproviderrenderssimilarliaisonoragencyservices(inthecaseofthegrossservicesmarginmethod)tobothaffiliatedandunaffiliatedcompanies,and,ifrelevant,utilizesthesameintangibleassetsindoingso;
4.Asingleservicesproviderrenderssimilarservices(otherthanliaisonservicesinthecaseofthecostofservicesplusmethod)underthesamecontractualtermstobothaffiliatedandunaffiliatedcompaniesandutilizesthesameintangibleassets,ifany,indoingso;
5.Twoormoremanufacturerssellsimilarproducts,inoneinstancetoaffiliateddistributors,andintheotherinstances,tounaffiliateddistributors;
6.Twoormoredistributorssourcesimilarproducts,inoneinstancefromaffiliatedsuppliersandintheotherinstances,fromunaffiliatedsuppliers;
and
7.Agroupmemberperformsroutinemanufacturingordistributionfunctionsandlicensesintellectualpropertyfromanothergroupmember.
Givenoneoftheabovefactpatterns,one’schoicebetweentheresalepriceandcostplusmethodsdependsprincipallyonwhether(a)oneofthegroupmembersengagesininternalarm’slengthtransactions,and(b)theaffiliatedmanufacturerortheaffiliateddistributoristheleastcomplexentity(andtherefore,thedesignatedtestedparty).Forexample,underthefirstfactpattern,onewouldordinarilyapplythecostplusmethod,andunderthesecond,theresalepricemethod.Asindicatedabove,thegrossservicesmarginmethodgenerallyapplieswhentheservicesatissueareintermediaryinnatureandthecostofservicesplusmethodapplieswhenthetestedpartyrendersthesameservicestobothaffiliatedandindependentcompanies.Underthefifthandsixthfactpatterns,one’schoicebetweentheresalepriceandcostplusmethodswouldbedictatedbyeachgroupmember’sownershipofintellectualpropertyandtherelativevaluesthereof.Underthelastfactpattern,thechoiceofmethodsdependsonwhetherthelicenseeisamanufactureroradistributor.
TheU.S.regulationsimposehigherstandardsofcomparabilityundertheresalepriceandcostplusmethods,ascomparedtotheCPM:
Productsmustbe“ofthesamegeneraltype(e.g.,consumerelectronics),”11andthepartiesbeingcomparedshouldperformsimilarfunctions,bearsimilarrisksandoperateundersimilarcontractualterms.Aspreviouslynoted,theOECDGuidelinesdonotdifferentiatebetweentransferpricingmethodsinestablishingcomparabilitycriteriatothesamedegreeastheU.S.regulations.Suchcriteriaincludethecharacterofthepropertyorservice,thefunctionsperformedbytheparties,contractualterms,economiccircumstancesandbusinessstrategies.
3.2.2DescriptionofResalePriceandCostplusMethods
Brieflystated,undertheresalepricemethod,onecomparesthecaptivedistributor’sgrossmarginonproductsourcedfromaffiliatedcompanieswithitsgrossmarginonproductsourcedfromunaffiliatedcompanies.Ifthecaptivedistributordoesnotsourcesimilarproductsfrombothaffiliatedandunaffiliatedcompanies,onecancompareitsresalemarginonproductssourcedfromaffiliatedsupplierswiththeresalemarginsreportedbyunaffiliateddistributorsthatsourcesimilarproductsfromindependentsuppliers.Ananalogouscomparisonismadeunderthecostplusmethodandthecostofservicesplusmethod,exceptthattheprofitlevelindicatordiffers.Moreparticularly,underthecostplusandcostofservicesplusmethods,theprofitlevelindicatorisequaltogrossprofitsdividedbycostofgoods(orservices)sold.
3.2.3UnderlyingEconomicRationale
Lessthanoneinterpretation,theresalepricemethod,appliedtointernaltransactions,presupposesthatindividualdistributorswouldpaysimilarpurchasepricestotheirmultiplesuppliersonanarm’slengthbasisandchargetheirunrelatedcustomerssimilarsellingprices.Thissetofassumptions,inturn,impliesthat(a)suppliersoperateinthesamecompetitivemarketorhavenobindingcapacityconstraintsandvaluethesubjectdistributor’sbusinessrelativelyhighly,and(b)thedistributorcannot(andisnotforcedto)differentiateamongitscustomersinestablishingitssellingprices.Iftheresalepricemethoddependsontheseassumptionsforitsvalidity,grossmargincomparisonswouldonlybevalidiftheproductsgeneratingsuchmarginsarequitesimilar,notsimplyofthe“samegeneraltype”.Similarly,thecostplusmethod,appliedtointernaltransactions,maypresupposethatindividualmanufacturersareunabletodifferentiateamongcustomersinestablishingtheirsellingprices,andemploythesameorsimilartechnologiesinproducingproductfordifferentcustomers.Again,underthisrationale,theproductsonwhichmarkupsarebeingcomparedmustbecloselysimilar.Alternatively,theeconomicrationaleforinternalcomparisonsofresalemarginsorcostplusmarkupsmaysimplybethatindividualdistributorsandmanufacturerswouldnecessarilyearnareasonablyuniformgrossmarginormarkupacrosstransactions,consistentwiththereturnthatinvestorswouldrequire.Asappliedtoexternaltransactions,theonlyeconomicrationalefortheresalepriceandcostplusmethodswouldseemtobethatmarketforceswillequalizeresalemarginsandgrossmarkupsacrossfirms.
3.2.4CritiqueofEconomicReasoning
Aspreviouslydiscussed,thereisnoreasontoexpectgrossmarginsorgrossmarkupstobeequalizedacrossfirms,and,therefore,nogoodreasontocompareanaffiliateddistributor’s(ormanufacturer’s)resalemargin(orgrossmarkup)withthecorrespondingresultsreportedbyitsunaffiliatedcounterparts.Therefore,aswiththeCPM,theresalepriceandcostplusmethods,asappliedtoexternaltransactions,arenotfoundedonvalideconomicprinciples.
Absentsuppliers’manufacturingcapacityconstraintsandthepotentialforpricediscrimination,comparisonsofanindividualdistributor’sresalemarginsonproductsourcedfromrelatedandindependentsuppliers,respectively,makesacertainamountofsense.Onanarm’slengthbasis,thedistributorwouldsourceexclusivelyfromthelowestcostsupplierifitssuppliers’sellingpricesdiffered,thusforcingthemtochargethesameprice(orsimilarprices,inthecaseofsimilarproducts).Therefore,ifthedistributorcannotfreelychoosetopricediscriminate,anditscustomersdonotinsistondifferentprices(where“price”encompassesco-opadvertisingarrangements,volumediscounts,etc.),itshouldearnsimilarresalemarginsacrosssuppliersonanarm’slengthbasis.Similarly,anindividualmanufacturerproducingsimilarproductsforrelatedandindependentcustomerswillgenerallyusethesamefacilities(and,therefore,thesameorsimilarmanufacturingtechnologiesandprocesses),absentdedicatedproductionlines.Ifthemanufacturercannotfreelychoosetopricediscriminate,anditscustomerswouldnotinsistondifferentpricesatarm’slength,itshouldearnsimilargrossmarkupsacrosscustomersonanarm’slengthba
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