Let’s start with the good news. Transfer pricing documentation isn’t rocket science. For many organizations, though, documentation duties can be black hole of never-ending tasks. For confidence in compliance, companies need to shift to a process mindset.
In December 2018, the Swiss Parliament adopted an amendment to the Equality Act including a new section related to Equal Pay requirements between female and male employees. Whether or not your organization may actually be impacted by the legislation, Equal Pay has become a key topic that organizations can no longer ignore.
As businesses go digital, tax functions also need to keep pace with digitization and digitalization. Given the nature of transfer pricing and its many touchpoints across the business landscape, the function is well-positioned to be part of this megatrend. How can you use the advantages of technology for your transfer pricing organization?