Expert Resources

Take advantage of our free expert resources, written by the experts at LCN Legal, based on their practical experience of working with multinational groups and their advisers across the globe. If you are interested in these areas, you may wish to bookmark this page to check back regularly for new information.

Paul Sutton

New OECD Transfer Pricing Guidance: 7 key takeaways for the legal documentation of financial transactions

On 11 February 2020 the OECD released its first guidance on the transfer pricing aspects of financial transactions, constituting an important supplement and update to its 2017 Transfer Pricing Guidelines. The guidance is divided into five main sections, namely: Interaction with the guidance provided in section D.1 of the 2017 guidelines (accurate delineation …
Paul Sutton

Condor vs. human on a bicycle

I don’t know whether you’ve come across this Steve Jobs quote. I really like it: “I read a study that measured the efficiency of locomotion for various species on the planet. The condor used the least energy to move a kilometer. And, humans came in with a rather unimpressive showing, about a third of the way down the list. It was not too proud …
Paul Sutton

Not About the Year of the Rat

I had planned for this post to be about the Chinese Year of the Rat, and what it means if you were born in 1936, 1948, 1960, 1972, 1984 or 1996. But I’m writing this in China, having recently returned from a brief trip to the UK, and it doesn’t feel like the right time to try to entertain you with the story of the Chinese horoscope. Our thoughts …
Paul Sutton

5 common misconceptions about intercompany agreements

Leading transfer pricing professionals agree that appropriate related party agreements, often referred to as ‘intercompany agreements’ or ‘ICAs’, are an intrinsic part of transfer pricing compliance. Nevertheless, many practitioners and corporates suffer from misconceptions about ICAs and how they need to work. In some cases, these misconceptions …