Episode 7: The 5-step process for creating and implementing ICAs

  • Updated: June 27, 2023
  • Read Time: 1 minute read

Paul Sutton explains the firm’s 5-step process for creating and implementing effective ICAs. In the course of explaining each stage in detail, he highlights the importance of:

  • Ensuring that ICAs have legal substance, and integrating the legal considerations from the outset
  • Understanding the precise nature of the key transactions, and establishing the ‘legal anchor points’
  • Working effectively with the wider team of TP professionals
  • Drafting that is brief and clear, using plain language
  • Identifying and taking on board the needs of other stakeholders
  • Localising agreements to reflect the needs of different countries and entities
  • Ensuring that directors have all the information they need to carry out their responsibilities
  • Creating – and maintaining – a central online archive of agreements.
Get a monthly summary of our top insights direct to your inbox
Subscribe Now
Related Posts

Episode 13: Operating model effectiveness, with Sam Barrett

16 November 2024
Paul O’Regan

Paul Sutton talks to Sam Barrett – Managing Director, Operating Model Effectiveness, which is part of the International Tax practice at EY – about operating model effectiveness and global value chain projects. What are they, what do they try to achieve, and how can they be implemented successfully?

Episode 19: Practical challenges when implementing Amount B, with Robin Hart

29 August 2024
Paul O’Regan

Paul Sutton talks to Robin Hart – a Principal in Charles River Associates’ Transfer Pricing Practice, based in the San Francisco Bay Area – about the current status of Amount B. With an expected start date of 1 January 2025, and many important factors still unclear, it is a very significant challenge for many multinationals.

Episode 18: Effective project management, with Mick Edmondson

2 August 2024
Paul O’Regan

Paul Sutton talks to Mick Edmondson, who specialises in the project management of complex cross-border restructurings, including legal entity reduction / corporate rationalisation and digital transformation programs. They look at how to manage large-scale projects so that they deliver the intended results, the different methodologies that are appropriate in different situations, and some of the technology and tools that are available.