The KPMG International Annual Review demonstrates our achievements and reflects the insights and expertise KPMG professionals bring to client relationships and our broader communities.
KPMG Capital focuses on investments and opportunities in the Data & Analytics space.
KPMG's Global IFRS Institute provides information and resources to help Board and Audit Committee Members, Executives, Management, Stakeholders and Government Representatives gain insight on the evolving global financial reporting framework.
KPMG goes beyond the data, taking you from insight to opportunity.
Mining organizations need to adapt across the mining asset lifecycle, from expansion to closure, as changing economic, political and regulatory environment demand greater flexibility.
The Chemical industry’s landscape is changing fast - global companies are developing or launching new products and services – and appear optimistic - setting sights on geographic expansion.
A series that explores how governments must respond to the global megatrends driving change into 2030.
The Change Readiness Index assesses the ability of 90 countries (developed and developing) to manage change and cultivate the resulting opportunity.
The global job search tool allows you to search available career opportunities within many of our 150 member firms worldwide.
KPMG's International Case Competition (KICC) is a chance for students to challenge yourself to solve a real business issue and an opportunity to meet new people across the globe.
KPMG’s Global Transfer Pricing Services
SEAN FOLEY: I think the ATO, the Australian Tax Office, had led the charge here by putting together a pilot program and really using risk assessment to try to drive cases that could be dealt with more quickly. One of the problems you always have with a fast track is that people who are on the slow track are not happy. They think they’ve gotten jumped over. But I do think that it’s a very important part of managing a process, is that you need to sort out the cases that are easier from the cases that are harder, and the easier cases need to get done quickly. I think a very straightforward example of this is a renewal, where facts have not changed. Coming in for a renewal should be something that should be certainly fast tracked, and yet we have seen in some of the more mature programs a slow track, and in that situation as well.
KPMG’s Leader, Global Transfer Pricing
FRANCOIS VINCENT: The OECD right now has embarked on a tax simplification exercise that includes transfer pricing. I think as part of that tax simplification exercise, we also have to look at APAs and how APAs are currently being conducted, with a view to simplifying the process, to make it a simpler, swifter process. Now it can very much be a risk based approach and determine certain guidelines to allow a swifter and speedier resolution for all involved. That, one of the benefits of that, obviously, is that it will reduce inventory of cases that competent authorities have to deal with, it will enhance the experience for taxpayers, and I think as long as you have the right parameters around the process and around which cases you allow to move swifter than others, I think for tax authorities and taxpayers this can be a real win-win situation.
Sean Foley Global Leader, KPMG’s Global Transfer Pricing Services and Francois Vincent KPMG’s Leader, Global Transfer Pricing Dispute Resolution give their views on fast tracking APAs and tax simplification.
Navigating APAs home
KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.