value chains

UN Webinar on the COVID-19 Impact on Transfer Pricing

The COVID-19 outbreak is not only a health crisis, but a jobs crisis, a humanitarian crisis and a development crisis of unprecedented scale and dimension and it demands unprecedented efforts, including to finance the response and recovery.

The UN Webinar on the COVID-19 Impact on Transfer Pricing will be a 4-hour virtual learning event on the COVID-19 pandemic impact on the policy and administrative aspects of the transfer pricing analyses for developing countries in their efforts to mobilize domestic resources for response and recovery. Given the relevance of the topic to stakeholders from all regions and multiple disciplines, the event will be open to the public. The forthcoming update of the Manual on Transfer Pricing for Developing Countries, approved by UN Committee of Experts on International Cooperation in Tax Matters in its 21st Session, will be considered in light of the COVID-19-related crisis.

Register here!

The webinar is designed to:

• Give participants a better understanding of how the COVID-19 pandemic has disrupted business’ value chains and how the rapid changes and economic downturn have impacted the transfer pricing position of taxpayers and posed a challenge to tax administrations in assessing transfer prices under these circumstances.

• Identify some of the specific issues faced by developing countries on the impact of the COVID-19 pandemic on the transfer pricing position of their taxpayers and suggest practical solutions to these challenges.

• Give particular attention to the issue of the lack of local comparables to undertake the transfer pricing analysis based on the arm’s length principle. It is acknowledged that this issue is not exclusive of the COVID-19 pandemic, but has been exacerbated by it.

• It is acknowledged that while many businesses have incurred losses, some may have experienced extraordinary gains. It is important for developing countries to identify these different circumstances and have a better understanding of how to deal with extraordinary losses, as undue treatment of losses can further erode the tax base.

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org

World Economic Situation and Prospects 2021 on Trade: From short-term disruptions to longer-term resilience

UNCTAD Trade Policy Dialogue

World Economic Situation and Prospects 2021 on trade: From short-term disruptions to longer-term resilience

Please register online at https://unctad.org/meeting/world-economic-situation-and-prospects2021-trade-short-term-disruptions-longer-term

This Trade Policy Dialogue is organized by UNCTAD in partnership with the United Nations Department of Economic and Social Affairs (UNDESA) and the Economic Commission for Europe (UNECE). The session will discuss major findings in the flagship report World Economic Situation and Prospects 2021, which assesses key trends in international trade and agenda for policy, including the roles of global value chains and services in enhancing economic resilience.

Questions:

  • How do we overcome short-term trade disruptions to reinforce longer-term resilience?
  • How do we take advantage of dynamic comparative advantage and “servicification”?
  • How do different countries see the need to revitalize the multilateral trading system?

Programme Agenda:

2:30 p.m. Opening

2:35 p.m. Panel discussion moderated by Miho Shirotori, Head, Trade Negotiations and Commercial Diplomacy Branch, UNCTAD

Panelists:

  • Ingo Pitterle, Senior Economic Affairs Officer, Global Economic Monitoring Branch, United Nations Department of Economic and Social Affairs
  • Bruno Antunes, Economic Affairs Officer, Trade Negotiations and Commercial Diplomacy Branch, UNCTAD
  • Polina Tonkikh, Director, World Trade Organization Expertise Centre, Russian Federation

3:20 p.m. Questions and answers

3:35 p.m. Closing

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org.