Benchmarking solution

Summary

The “Benchmarking Solution Launch” webinar featured Mike van Vuuren introducing dayla pequeño, a seasoned expert in transfer pricing and benchmarking, who outlined the fundamental concepts of benchmarking intercompany transactions, highlighting the variances between practices in Europe and Latin America. The session delved into current trends and challenges within the tax landscape, focusing on the impact of globalization on intercompany transactions and the evolving regulatory requirements in developing countries that necessitate robust benchmarking studies. dayla emphasized the growing scrutiny from tax authorities and the accessibility issues associated with expensive databases. The webinar showcased Coperitas’ tailored benchmarking solutions, offering pragmatic, in-house, and outsourcing options designed to meet diverse client needs, from multinationals to professionals with limited access to data. Coperitas’ offerings were positioned as a competitive alternative to existing market solutions, with a commitment to flexibility and quality comparable to established databases.

• Mike introduces dayla, a business partner with 18+ years of experience in transfer pricing and benchmarking
• Benchmarking defined as process to obtain arm’s length ranges for intercompany transactions
• Differences in benchmarking between EU and Latin America discussed
• Latin America mainly uses public listed companies, while Europe uses both public and private
• Mexican tax authorities require using financial data from the specific year of analysis

• Globalization leading to more intercompany transactions and categories
• Developing TP countries implementing new regulations requiring benchmark studies
• Increasing need for support to navigate complex TP landscape
• Tax authorities gaining more knowledge, leading to higher scrutiny of benchmarking analyses
• Expensive databases not accessible to all parties
• Different client needs identified: multinationals with/without TP knowledge, intermediary market

• Three options offered: pragmatic solution (market overview), in-house benchmarking, and outsourcing
• Pragmatic approach suitable for low-volume transactions and less evolved TP countries
• In-house benchmarking option for professionals lacking data access
• Outsourcing option for those with limited time resources or higher risk transactions
• Coperitas platform allows flexible choice of benchmarking solutions
• Database quality compared to Bureau van Dijk, showing similar ranges
• Discussion on the potential shift from Bureau van Dijk’s monopoly in the market