跨国企业集团新型价值链架构下的转让定价问题探讨

Transfer Pricing Issues under the Framework of New Value Chain for the Multinational Groups

跨国企业集团在其供应链规划时,在低税负国家或地区设立"主体公司",承担供应链的主要功能和风险,获得供应链的剩余超额利润。而非"主体公司"(即设立在中国的合约研发商、合约制造商、有限风险分销商等)获得稳定但较低的利润回报。这种安排可能忽视了中国企业对本地无形资产研发、改进、发展和提高所做出的贡献。本文针对跨国企业集团的上述商业模式,分析其可能存在的转让定价问题,并提出相关对策。

In planning the supply chain, some multinational groups set up ＇principal companies＇ in low tax countries or regions which bear the main functions and risks of the supply chain in order to acquire the surplus excess profit. Whereas the ＇non-principal companies＇ （i.e., the contracted R＆D providers, contracted manufactures, limited risks distributors established in China） receive stable but relatively low returns. Under this arrangement, the contributions of the Chinese companies to the R＆D, improvement, development and enhancement of the local intangibles might be ignored. This article analyzes the possible transfer pricing problems and presents relevant countermeasures aiming at this business model for the multinational groups mentioned above.