Neutral impactEconomy
BRICS should work together on transfer pricing as disputes burden developing nations: FM
Economic Times 1 hr ago·23 Sept 2026, 11:31 am
Finance Minister Nirmala Sitharaman has urged BRICS nations to collaborate on international taxation rules, specifically focusing on transfer pricing. This refers to how companies set prices for goods and services traded between their own subsidiaries in different countries. The FM highlighted that developing nations often face unfair disputes in these areas, which can impact their tax revenues. By forming working groups, BRICS aims to collectively address these issues and influence global tax standards.
This move is significant for investors as it signals a push for more equitable global tax frameworks. Improved rules could lead to more stable cross-border trade and potentially higher tax collections for developing economies. For now, the focus is on multilateral negotiations rather than immediate policy changes. Investors should watch for progress in these working groups and how major economies react to the proposed collaborative approach.
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- Category: Economy.
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