Nations Back Launch of Transfer Pricing Task Force at UN Talks

A United Nations committee will form a task force to look at why developing nations can’t access transfer pricing databases, after hearing support for the move from a large group of countries Friday as part of negotiations for a new UN tax treaty.

A UN panel is negotiating a wide-ranging global tax cooperation agreement that could include establishment of a transfer pricing database meant to complement existing private sector databases, which developing countries say they can’t access.

Transfer pricing refers to valuation of transactions within a corporate group. Tax rules generally require that they be priced at arm’s length, or ...