Transfer pricing quandary

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. What does BEPS stand for?

  2. Which of the following statements best describes BEPs?

  3. Which of the following statements most accurately describes how the Organisation for Economic Cooperation and Development is planning to respond to the challenge of taxing the digital economy?

  4. What is the diverted profits tax?

  5. What is the purpose of HMRC's compliance facility?

  6. What do many executives believe will change about transfer pricing?

  7. What has the OECD proposed to tackle the problem of taxing companies with largely intangible assets?

  8. What does the OECD believe a global minimum rate will achieve?

  9. Why has the global minimum rate been opposed?

  10. Why might the outlook for the international tax environment be ‘uncertain’?