Enter this series of articles, meant to provide tax practitioners worldwide with suggestions for transfer pricing benchmarking and information for the most widely used CPM intercompany transactions. Given the proliferation of publicly available data, free screening tools, and data-mining techniques, now is the time to provide clients with corroborative benchmarks and data. On the other hand, taxpayers continue to pay for a service that has nearly become commoditized and yet still lacks publicly available secondary resources for practitioners. On the one hand, that benefits multinationals by significantly decreasing the turnaround time for benchmarking studies. However, most consulting firms have already standardized the process with dozens of off-the-shelf benchmarks that can be provided to clients on request. For transactions driven by the comparable profits method, a search generally is required for identifying companies that are comparable to the tested party. One key aspect of nearly all transfer pricing documentation is a benchmarking analysis. As compliance requirements have risen, consultancies have turned to automation and standardization of nearly all documentation work, decreasing their costs of performance. Multinational groups are required to issue transfer pricing documentation reports in more jurisdictions than ever before, leading to increased compliance costs. Transfer pricing has shifted toward a compliance-driven world. In this article, part of a series providing transfer pricing benchmarks that can be replicated by practitioners using readily available public data, Hughes considers a North American construction distribution benchmark for transfer pricing. And wherever we establish ourselves, we maintain our responsibility towards the communities that host us.Ĭommitment to delivering and fulfilling our agreements with our Clients per their expectations and beyond. Reliance of our stakeholders upon us as they experience the professional and ethical way that we always operate with. Collaboration among our people using their expertise, loyalty and team spirit is our means for continuous improvement.Andrew Hughes is an economist specializing in transfer pricing and valuation. We continuously strive to find better ways to operate, deliver and maintain various construction projects with outstanding quality, safety and environmental standards. In CRC, we honour our history with pride as we maintain relationships with our customers to be the construction company of choice in the MENA region. “To become a benchmark Construction Company of excellence in performance while delivering outstanding value to all stakeholders” CRC is considered the corner stone of Dorra Group of companies it’s responsible for the construction of all group-owned residential, industrials, tourism and real-estate projects. The company joint ventures were formed with major international construction companies such as British John Laing International and Costain, The American Harpers and Howards, The Japanese Dia Nepon and The Spanish Cimy, all of which enabled CRC to complete major projects efficiently. Since the early 80’s, the company adopted a strategy of joining forces with international caliber expertise. By the year 1986 the company became a joint stock company and continued to expand its outstanding records of achievements by applying the “state of the art technology” in the construction field worldwide. The company was nationalized in 1961 along with other companies, and by the year 1964 the company changed its name to “El Gomhoreya Public Contracting Company – Mohamed Hassan Dorra” in 1970, “The Construction and Reconstruction Engineering Company (CRC) Hassan Mohamed Hassan Dorra and Co.” was established. The company is a pioneer in the field of construction with remarkable records of success since its establishment in the year 1943.ĬRC quickly acquired a prominent position among the existing companies in the construction field in Egypt. The establishment of the company is considered the first step towards the formation of Dorra Group of Companies. The Construction and Reconstruction Company (CRC) has more than 70 years of experience in the field of Construction. The Construction and Reconstruction Company (CRC) More than 70 years of experience in the field of Construction
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