| | AUGUST 20164Consultants ReviewVol 2 · Issue 7 - 1 · August - 2016 Publisher & Editor Alok Chaturvedi Managing Editor Rachita Sharma GM-Sales & Marketing Rohit KumarEditorial Team Lithin Zacharia Saheli R Chowdhuri Shivali Sharma Akanksha Singh Vikesh Shet Group Art Director Ashok Kumar Sr. Visualiser Maitreyee Visualiser Vignesh KarthigaisamyAdvertisement Chander Shalini Kiran T : 080-43112102Delhi Ratnam Gupta T : 011-45992106editor@consultantsreview.com marketing@consultantsreview.comNo. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017 To subscribe: Circulation Manager Magendran Perumal T : 080-43112203subscription@consultantsreview.com Cover price Rs 100 per issue.Printed and Published By Alok Chaturvedi on Behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 And Published At No. 124, 2Nd Floor, Surya Chambers, Old Airport Road, Murigheshpalya, Bangalore-560017. Copyright © 2016 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.2015 marked the settlement of the landmark transfer pricing case involving GlaxoSmithKline, the global pharmaceutical giant. The case which went on for more than a decade was being closely followed globally as it was one of the biggest cases involving transfer pricing. As the dust settles, the major take away from the case is that implementing the arm's length principle is easier said than done. The case also goes to strengthen the fact that it is not a cake walk to traverse through the nitty gritties of transfer pricing laws. Transfer pricing is regarded as one of the most controversial operations of multinationals resulting in tax avoidance and arbitrage. This is why the laws keep evolving and getting more stringent by the year. In the Indian context one must note that the economy is on an upward growth trajectory and paving a smooth way for foreign investment plays a major role in this scenario. Transfer pricing rules greatly affect the large volume of inter-company dealings and thus have a great impact on our economy. Adding to this conundrum, the Finance Act 2012 rendered domestic transactions between related entities also subject to the law of transfer pricing, to avoid tax arbitrage between states. As a result, transfer pricing laws are just getting more complex by the day. And, non compliance to the laws can have catastrophic ramifications for the respective organizations. This is where the need for competent consultants arises. These subject matter experts are well versed with Indian as well as international laws and help organizations traverse the complex road of transfer pricing. In our current issue, we have featured the top 25 Transfer Pricing Consultants. We hope the list helps you pick the most able consulting firm that can help you with your respective needs.Do let us know your thoughts.Editor's NoteTame the Transfer Pricing Dragon with the Help of Able Consultants Rachita Sharma Managing EditorConsultantsReview
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