{"product_id":"the-future-of-the-profit-gabriella-cappelleri-9789403524306","title":"The Future of the Profit Split Method","description":"\u003cp\u003e\u003cstrong\u003eThe Future of the Profit Split Method\u003c\/strong\u003e\u003c\/p\u003e \u003cp\u003e\u003cem\u003eEdited by Robert Danon, Guglielmo Maisto, Vikram Chand \u0026amp; Gabriella Cappelleri\u003c\/em\u003e\u003c\/p\u003e \u003cp\u003eAmong the various transfer pricing methods, the profit split method (PSM) is under the spotlight after the OECD's Base Erosion and Profit Shifting (BEPS) project. However, both expert analysis and experience indicate that this method is not straightforward either for taxpayers to apply or for tax administrations to evaluate. In this thorough and detailed commentary - the first book to analyse this increasingly adopted transfer pricing method - notable scholars and practitioners working in the international tax community express their views on the method, answering some unresolved questions and highlighting issues that are still open and pending, especially in light of the digitalization of the economy.\u003c\/p\u003e \u003cp\u003eCrucial issues covered by the contributors include the following: \u003c\/p\u003e \u003cul\u003e \u003cli\u003echoice of the appropriate splitting factors, their relative weights, and valuation of the contributions;\u003c\/li\u003e \u003cli\u003euncertainties and outcomes potentially not aligned with the arm's-length standard;\u003c\/li\u003e \u003cli\u003epossible role of assessments made by the European Commission on State aid;\u003c\/li\u003e \u003cli\u003enexus with the work done by the EU Joint Transfer Pricing Forum;\u003c\/li\u003e \u003cli\u003eimpact of profit split on indirect taxes (VAT\/customs tax\/excise tax); and\u003c\/li\u003e \u003cli\u003eapplication to digital business models and, in general, to the digitalized economy.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e Moreover, relevant experience of applying this method in France, Germany, Italy, Spain, Switzerland, the United Kingdom, and the United States is provided. A concluding chapter also deals with selected industry experiences.\u003c\/p\u003e \u003cp\u003eDue to a high level of uncertainty in alignment with international guidance in the application of the PSM - and to the underdeveloped nature of current literature on the subject - there is a need for this book because both tax administrations and taxpayers, going forward, will apply the PSM extensively. The book is highly relevant for policymakers, tax administrations, practitioners and academics engaged in the areas of international taxation, transfer pricing and tax policy.\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Gabriella Cappelleri\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 9403524308\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9789403524306\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Kluwer Law International\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/23\/2020\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 384\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.55lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.80h x 6.30w x 1.10d","brand":"Gabriella Cappelleri","offers":[{"title":"Hardcover","offer_id":43993555239167,"sku":"9789403524306","price":148.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_d60b76a1-0d8f-4ff1-9898-14101c0b9aaf.jpg?v=1683324985","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-future-of-the-profit-gabriella-cappelleri-9789403524306","provider":"WR Book House","version":"1.0","type":"link"}