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Corporate Financial Database & Additional Products
Details
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Tender Closed
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| RFx ID : | 3879254 |
| Tender Name : | Corporate Financial Database & Additional Products |
| Reference # : | PRO-SRFx-00000004 |
| Open Date : | Friday, 29 August 2014 8:00 AM (Pacific/Auckland UTC+12:00) |
| Close Date : | Thursday, 25 September 2014 5:00 PM (Pacific/Auckland UTC+12:00) |
| Tender Type : | Request for Proposals (RFP) |
| Tender Coverage : | Sole Agency [?] |
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| Exemption Reason : | None |
| Required Pre-qualifications : | None |
| Contact : |
Julienne McRae tendersMGT@ird.govt.nz |
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The purpose of this RFP is to call for Proposals for a supply of a Corporate Financial Database and Additional Products for Inland Revenue’s Transfer Pricing and International Revenue streams.
Multinational enterprises (MNEs) often engage in cross-border transactions with associated entities which include the supply of goods and services, intellectual property and financial transactions. These transactions include the supply of goods and services, intellectual property and financial transactions. How these transactions are priced may affect the profitability of both the giving and receiving entities. If these prices are manipulated, profits may be shifted out of New Zealand. Inland Revenue established Transfer Pricing specialisation to provide advice and direction to investigators on Transfer Pricing issues, recognising not only the subject's significance but also its complexity. The community expects Multi National Enterprises to contribute their fair share via the tax system. Sometimes this is in conflict with the potential for revenue losses to arise due to incorrect Transfer Pricing policies and practices.
As part of its obligations to ensure that corporate taxpayers comply with legislation regarding Transfer Pricing, IR requires a Corporate Financial Database to:
• create comparable sets of performance level indicators used to benchmark the performance and profitability of taxpayers who are subsidiaries of multinational enterprises.
• examine links between offshore entities (including individuals) who may also be associated in New Zealand.
This will enable Inland Revenue to independently assess the arm’s length level of profitability that New Zealand taxpayers should be demonstrating and ensuring the New Zealand tax base is not open to base erosion and profit stripping.
Inland Revenue is also looking to expand its risk assessment capabilities by analysing standard corporate information through the use of Additional Products. This requires gathering information on corporate groups including overseas entities and multi-national corporate groupings and their financial performance.
This tender has been awarded to:
- S&P Capital IQ
Award Date: Thursday, 7 April 2016 (Pacific/Auckland UTC+12:00)
Date RFx was completed/updated: Thursday, 7 April 2016 9:04 AM (Pacific/Auckland UTC+12:00)
