Tax officials from 90 countries agreed at the OECD's first Global Forum on Transfer Pricing on the need to simplify transfer pricing rules, strengthen the guidelines on intangible issues and improve the efficiency of dispute resolution.

During the coming year, the Global Forum will carry out a transfer pricing risk assessment and develop a detailed “how-to” manual which will establish good practices for governments to assess transfer pricing risk at the beginning of an audit.

The next meeting of the Global Forum on Transfer Pricing will be held in March 2013.

For further details see http://www.oecd.org/document/31/0,3746,en_21571361_44315115_49995807_1_1_1_1,00.html