An Assessment of Free Trade Zones from a Transfer Pricing Perspective(*)

An Assessment of Free Trade Zones from a Transfer Pricing Perspective(*) 1.  Introduction The term “free trade zone” (FTZ) refers to one or more special areas of a country in which certain normal trade barriers (e.g. tariffs and quotas) are eliminated and bureaucratic requirements are minimized in hopes of attracting new business and foreign investment.…

Developments in the Transfer Pricing Landscape

Developments in the Transfer Pricing Landscape 1. Introduction Turkey introduced its first transfer pricing rules in 2007, and the Turkish transfer pricing system was adopted from OECD guidance and based on the arm’s length principle. In the first year of implementation, the Turkish Cabinet determined the transfer pricing procedures based on the authority granted by…