Transfer pricing plays an increasingly vital role in cross-border operations:
Ernst & Young
Firm named top transfer pricing practice for the second year running
Both honours come at a time when transfer pricing plays an increasingly critical role for global businesses navigating the recession. In the recently launched 2009 global transfer pricing survey, Ernst & Young found that more jurisdictions than ever before are gearing up for increased transfer pricing audits, penalties and tax controversy.
"The world's financial markets have brought unforeseen challenges to global enterprises, with increased losses and volatile results," said
A division of international corporate tax, transfer pricing refers to the valuation of cross-border transactions between related entities. These transactions can include goods, services, intangibles and financial transactions.
"This award is a testament to the quality of service that Ernst & Young is providing to our clients. In a time of intense financial hardship, we have continued to grow our practice by providing practical and value-added insight to assist our clients in rising to the challenges of a globally integrated economy," said Noble.
Noble, who is based in
About Ernst & Young
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For further information: To reach a spokesperson, please contact: Amanda Olliver, [email protected], (416) 943-7121; Brooke McLachlan, [email protected], (604) 899-3597; Marie-Ève Graniero, [email protected], (514) 874-4313
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