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What would be the correct price (i.e., the armís length transaction) of a cash transaction under BEPS (Base Erosion Profit Shifting) Actions 8-10? Thatís a key question which every treasurer of an international group needs to address.
The world economy is arguably at a historical watershed. Think of an accelerated industrial revolution, rapidly developing new technology and a big shift in economic power from West to East. Naturally, governments and corporates are redirecting their policies and strategies accordingly Ė and, in the case of corporates, the treasurer is set to play an important enabling role.
With the aim of being as efficient as possible in its reconciliations, Panini was looking to achieve the same level of detailed information on cross-border collections as it was able to achieve on domestic collections.
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