It's been a little while folks. I've been thinking I'm due for a new post and then I got the Ceteris TP Times dropped in my in-box.
Thanks to the kind people at Ceteris I was able to read about the GSK Canada case. I'm sure you've heard of it as well, but it seems to boil down to GSK Canada buying something from a Swiss sub with a transfer price at about five times what their competition was buying that same component for and using that component for the same product. The end result? GSK Canada was fined 51 Million CAD. This was decided at the end of May '08.
Interesting notes on the case seem to revolve around every one of GSK's arguments being rejected because of the precident that they would set (exclusive markets, parent controlled purchase lists...) What really struck me as astounding about the notes I read on the case was that the case focused on transactions durring the years between 1990 and 1993.
1993? That was 15 years ago! Most of you, as I know it, hadn't started your careers yet, and if you had you had just started. I'm not saying that GSK's claims were remotely defensable, parsing words and obscuring definitions, but how on Earth is light shed on a single set of transactions that happened 15 years ago?
Moreover, hasn't GSK had enough? I'll bet their lesson is well learned from the 2006 decision against them, and while that doesn't repay other evaded taxes I'm guessing they will be a little more giving to their local tax authorities in the future.
I hope all's well, and enjoy the holiday!
Mike
Thursday, July 3, 2008
Monday, May 12, 2008
A Blog was Born
Hello All!
It's been a little while since the comp survey - I'm leaving the data up for the time being, as I'm seeing a lot of interest in the group and the site.
To answer the minisurvey that was up here a few weeks ago I had to do some thinking. To email you all would mean to send job alerts to some of your work email adresses, and I couldn't immagine that I would find favor with a lot of you in those circumstances. Conversely, to post them here would take away from a lot of the meaning of this board - a place for the discussion of Transfer Pricing issues.
I've come up with what I think is a good solution: a JobBlog with a corresponding LinkedIn group - much the same as the set up we have here.
It can be found at http://tpjobs.blogspot.com/ (this link is an invite for the linkedin group: http://www.linkedin.com/e/gis/86277/79B66144F652) I will mail out new jobs as they come in to the membership of this group - if you're interested in joining please make sure you're aware of this and change your primary linkedin email accordingly.
More updates to come here later in the month.
Best wishes,
Mike
It's been a little while since the comp survey - I'm leaving the data up for the time being, as I'm seeing a lot of interest in the group and the site.
To answer the minisurvey that was up here a few weeks ago I had to do some thinking. To email you all would mean to send job alerts to some of your work email adresses, and I couldn't immagine that I would find favor with a lot of you in those circumstances. Conversely, to post them here would take away from a lot of the meaning of this board - a place for the discussion of Transfer Pricing issues.
I've come up with what I think is a good solution: a JobBlog with a corresponding LinkedIn group - much the same as the set up we have here.
It can be found at http://tpjobs.blogspot.com/ (this link is an invite for the linkedin group: http://www.linkedin.com/e/gis/86277/79B66144F652) I will mail out new jobs as they come in to the membership of this group - if you're interested in joining please make sure you're aware of this and change your primary linkedin email accordingly.
More updates to come here later in the month.
Best wishes,
Mike
Monday, April 28, 2008
Compensation Survey Results
I didn't get enough inputs to have meaningful data per level per city - that would require several times the response I got - which I supplemented with data received from candidates I'm working with. Ultimately I divided the country into 4 regions: North East, South, Midwest, and West. I also divided the whole list of inputs up by level (I had to make some generalizations) that broke down like big 4's heirerarchy: Staff, Senior, Manager, Sr. Manager, Director.
The North East was made up of states starting with Maryland and heading North. So New England with NY, PA, NJ, DE, and MD.
The South for my purposes here consists of states on the Eastern seaboard south of Maryland, the states on the Gulf of Mexico, and those south of MO. (VA, NC, SC, GA, FL, AL, LA, TX, OK, MI, AR, and TN)
The Midwest: MO and North, the Dakotas and East, Ohio and West plus WV for good measure.
The West: The square states and west. (Everything Else)
Here are the numbers:
Northeast Avg
$129,490.00
South Avg
$107,778.00
Midwest Avg
$152,115.63
West Avg
$94,000.00
Staff Avg
$62,698.57
Senior Avg
$80,333.33
Manager Avg
$124,937.50
Sr. Manager Avg
$178,680.00
Director Avg
$185,731.25
Now, I really should say that there's little statistical purity here. I have varying numbers of in each level, and varying levels in each geography. Ironically, the only number that I see as suspect is the average TP income in the Midwest, and that's the area with the most diverse set of inputs. Also, in the West I ommitted an input with 3 years exp who claims a base income of 185. This would have made the average "Staff" pay higher than the average "Senior" pay, though it may have made the numbers for the West more accurate on average; I think it's a little low, especially since it contains San Francisco, the most expencive area of the country.
So there it is! That's how much money you should make.
Also, thank you all for your participation in the secondary survey about whether or not you want to hear about new TP jobs. Seeing as nobody said they didn't want to hear about them, which honestly surprised me a little, I will be posting them here as well as emailing them out as they come up. I've started another blog which I may utilize as a job posting board, then again I may just do it here. We'll see.
Best,
Mike
The North East was made up of states starting with Maryland and heading North. So New England with NY, PA, NJ, DE, and MD.
The South for my purposes here consists of states on the Eastern seaboard south of Maryland, the states on the Gulf of Mexico, and those south of MO. (VA, NC, SC, GA, FL, AL, LA, TX, OK, MI, AR, and TN)
The Midwest: MO and North, the Dakotas and East, Ohio and West plus WV for good measure.
The West: The square states and west. (Everything Else)
Here are the numbers:
Northeast Avg
$129,490.00
South Avg
$107,778.00
Midwest Avg
$152,115.63
West Avg
$94,000.00
Staff Avg
$62,698.57
Senior Avg
$80,333.33
Manager Avg
$124,937.50
Sr. Manager Avg
$178,680.00
Director Avg
$185,731.25
Now, I really should say that there's little statistical purity here. I have varying numbers of in each level, and varying levels in each geography. Ironically, the only number that I see as suspect is the average TP income in the Midwest, and that's the area with the most diverse set of inputs. Also, in the West I ommitted an input with 3 years exp who claims a base income of 185. This would have made the average "Staff" pay higher than the average "Senior" pay, though it may have made the numbers for the West more accurate on average; I think it's a little low, especially since it contains San Francisco, the most expencive area of the country.
So there it is! That's how much money you should make.
Also, thank you all for your participation in the secondary survey about whether or not you want to hear about new TP jobs. Seeing as nobody said they didn't want to hear about them, which honestly surprised me a little, I will be posting them here as well as emailing them out as they come up. I've started another blog which I may utilize as a job posting board, then again I may just do it here. We'll see.
Best,
Mike
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