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Transfer mispricing erodes capital for UN sustainability goals
Maricla Pennesi, Andersen European Head of Tax, examines the United Nations 2020 Report on the financing of sustainable development objectives. In the article published by Il Sole 24 Ore, Maricla analyzes the phenomenon of transfer mispricing, transfer pricing manipulation, or fraudulent transfer pricing, as one of the reasons for the dilution of economic resources at an international level.
The distortion of financial flows represents not only a fraudulent initiative of the company that conceals the existence of liquidity and assets but also it contrasts the international cooperation efforts aimed to guarantee a sustainable future for the next generations.
Finally, the article highlights the need to implement national tax planning with long-term objectives that also take into account international objectives.