Global Authorities Harmonize Customs Valuation and Transfer Pricing Rules
This paper examines the joint WCO-OECD seminar on transfer pricing and customs valuation, focusing on the necessity of collaboration between customs and tax authorities in regulating multinational enterprises' related-party transactions. Through case studies and policy analysis, the article highlights the critical role of information sharing, risk modeling, and joint regulatory mechanisms in enhancing administrative efficiency and promoting trade compliance. It provides a professional perspective on global collaborative governance, offering insights into bridging the gap between customs and tax administrations to ensure consistent valuation and fair taxation for cross-border trade.