欢迎扫描下方二维码关注： Cill E SUZONS 18 PS 极餐加层 > 独立交易原则 独立交易原则,指没有关联关系的交易 各方，按照公平成交价格和营业常规进行业 务往来遵循的原则。 比如，企业向关联方低价销售产品，减少 了自身利润，税务机关有权按照合理的方法 调整应税所得，确保企业按照市场公平交易 原则缴纳税款。 cm(一)关联交易定价不合理 企业与关联方进行货物购销、劳务提供、 无形资产转让等交易时,定价明显偏离市场正 常价格。依据《特别纳税调整实施办法（试 行）》，税务机关在判定关联交易定价不合理 时，会运用多种转让定价方法进行评估调整。 塩物购销 定价明显偏震 市场正常价格 无形资产转让 载让是价万活 进行评估调整 服务机壳 调整情形 ヶ (二)资本弱化 企业通过增加债务资本（如向关联方借 款）、减少权益资本比例的方式，利用债务利 息可以在税前扣除的规定,降低应纳税所得 额。 《中华人民共和国企业所得税法》第四十 六条规定，企业从其关联方接受的债权性投资 与权益性投资的比例超过规定标准而发生的利 息支出，不得在计算应纳税所得额时扣除。具 体的债资比例标准，不同行业可能有所差异， 一般金融企业为5 ...

Core Viewpoint - The article discusses the significant transformation in the global tax landscape for multinational corporations driven by regulatory changes and geopolitical shifts, emphasizing the need for strategic considerations in managing intercompany financing arrangements [2][3][15]. Group 1: Economic Nationalism and Tax Implications - The post-pandemic world has seen a shift from globalization to economic nationalism, with major economies implementing policies to bring key industries back home and protect domestic tax bases [3]. - Tax authorities are increasingly scrutinizing the commercial rationale behind intercompany financing structures, especially those involving low-tax jurisdictions, leading to potential double taxation risks [3][5]. - Governments are restricting the cross-border flow of critical intellectual property and technology, impacting transfer pricing models based on intellectual property licensing [3][5]. Group 2: BEPS 2.0 and Its Impact - The OECD's Base Erosion and Profit Shifting (BEPS) initiative has evolved into "BEPS 2.0," fundamentally reshaping international taxation with two main pillars [4][6]. - Pillar One reallocates taxing rights to the market jurisdiction where customers are located, challenging traditional profit allocation to low-tax jurisdictions [6]. - Pillar Two establishes a global minimum corporate tax rate of 15%, limiting the benefits of profit shifting to low-tax jurisdictions and necessitating a reevaluation of existing financial structures [6][7]. Group 3: Complexity in Transfer Pricing and Intercompany Lending - The requirements for intercompany lending and transfer pricing documentation have become increasingly complex, necessitating comprehensive functional analyses and market-based justifications for interest rates [8]. - Companies must adopt rigorous methods to withstand stricter scrutiny, including objective credit rating assessments and consideration of local market conditions [8][11]. Group 4: Strategic Recommendations for Financial and Tax Teams - Financing structures should reflect the actual business activities and value creation locations rather than merely focusing on tax rate advantages [13]. - A reassessment of centralized financing models is recommended, considering a distributed approach that aligns better with operational layouts [13]. - Companies should maintain comprehensive documentation to demonstrate the economic substance of their financing arrangements and proactively model the impacts of proposed tax reforms [13][15].