Journal of Applied Economic Research
ISSN 2712-7435
State Regulation of Transfer Pricing Stages and Prospects of Its Development in the Epoch of Digital Economy
Kakaulina M.O., Khmura S.V.
Abstract
. This article examines the issues of state regulation of transfer pricing in Russia and abroad. The purpose of the article is to study the stages of formation, features and prospects of development of state regulation of transfer prices in the Russian Federation. In the course of the study, the following methods of scientific knowledge were applied: historical and logical methods, the methods of comparative and critical analysis, the graphic method. In the article, we described the methods of regulating transfer pricing in Russia and abroad, disclosed the main signs of the interdependence of individuals, outlined the methods for determining the conformity of the prices applied, and also established the criteria for domestic and foreign trade transactions recognized as controlled. The results of the studies presented in this article can be widely used for strengthening the control of transfer pricing by the state, as well as for automating the processes of controlling and accounting for controlled transactions between interdependent persons. We concluded that at present, the tax legislation of the Russian Federation in many aspects has substantially reached international standards of controlling transfer pricing. Despite this, the current system of control and regulation of transfer pricing in the Russian Federation is not devoid of drawbacks, such as imperfect methods for determining the conformity of the prices applied. To solve the identified problems in order to record and control transactions between related parties, it is necessary to use the capabilities of blockchain technology. The introduction of a blockchain platform for intercompany transactions into the activities of TNCs will make it possible to keep records of the entire chain of controlled transactions.
Keywords
transfer pricing; interdependent entities; offshore; tax burden; controlled transactions; blockchain.
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About Authors
Kakaulina Maria Olegovna – Candidate of Economic Sciences, Associate Professor, Department of Finance, Amur State University, Blagoveshchensk, Russia (675027, Amur Region, Blagoveshchensk, Ignatievskoe Highway 21); e-mail: beuty1@mail.ru.
Khmura Sergei Valerevich – Office of the Federal Tax Service of Russia in the Amur Region, Undergraduate Economics Faculty, Amur State University, Blagoveshchensk, Russia (675027, Amur Region, Blagoveshchensk, Ignatievskoe Highway 21); e-mail: sergey.khmura@gmail.com.
For citation
Kakaulina M.O., Khmura S.V. State Regulation of Transfer Pricing Stages and Prospects of its Development in the Epoch of Digital Economy. Bulletin of Ural Federal University. Series Economics and Management, 2019, Vol. 18, No. 5, 681-708. DOI: 10.15826/vestnik.2019.18.5.037.
Article info
Received August 27, 2019; Accepted September 30, 2019.
DOI: http://dx.doi.org/10.15826/vestnik.2019.18.5.037
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