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What is Digital Transfer Pricing? The Aibidia Manifesto

Digital transfer pricing is not just about automating the tax process. It’s about helping companies to get smarter and more efficient. Aibidia’s platform revolutionizes transfer pricing.

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Blog

What is Digital Transfer Pricing? The Aibidia Manifesto

Digital transfer pricing is not just about automating the tax process. It’s about helping companies to get smarter and more efficient. Aibidia’s platform revolutionizes transfer pricing.

Blog

What is Digital Transfer Pricing? The Aibidia Manifesto

Digital transfer pricing is not just about automating the tax process. It’s about helping companies to get smarter and more efficient. Aibidia’s platform revolutionizes transfer pricing.

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What is Digital Transfer Pricing? The Aibidia Manifesto

30.3.2022
Digital transfer pricing is not just about automating the tax process. It’s about helping companies to get smarter and more efficient. Aibidia’s platform revolutionizes transfer pricing.

Transfer pricing is not a new concept. In fact, it dates back to the 1960s, when the US tax authorities issued the first comprehensive transfer pricing legislation. The practice of transfer pricing has evolved over time with changing business models, increased global competition and pressure on corporate tax rates.

The Golden Age of transfer pricing started in the 2010s with the rise of global supply chains and increased awareness of tax avoidance risks. The Base Erosion and Profit Shifting OECD project was the tipping point, which introduced standardized transfer pricing reporting requirements now implemented in more than 150 countries around the world.

Despite fundamental changes in the business models and compliance requirements, the way multinationals handled the transfer pricing did not change that much. Still, most companies focus on the mere compliance and reactive handling of tax authorities' requests. Transfer pricing specialists primarily use Excel, Word and emails to handle the documentation, as they have done since the late 1990s.

Meet the authors

Author
Borys Ulanenko
Advisor to Aibidia and ArmsLength AI founder

Borys Ulanenko is a Digital Transfer Pricing Expert. Borys has more than 10 years of experience in transfer pricing, with a background in industry and consulting. In addition to advising Aibidia, Borys is the founder of the educational platform StarTax Education and the AI-driven solution ArmsLength.ai.

Borys is passionate about sharing his knowledge and experience with others. He loves explaining complex transfer pricing concepts in simple words and sharing his expertise with Aibidia and the tax community. He sees his mission in demystifying transfer pricing and making this exciting area of international tax available to everyone.