Impact of the Zinc case on transfer pricing

See enclosed our contribution to the November 2018 print of Financier Worldwide. The submission contains an outline of an interesting court case that was published in October 2017. The case, which has been named the ‘Zinc case’, concerned the centralisation of full-fledged operations into low-risk operations and the question of whether the corresponding conversion fee matched the arm’s length principle. There was particular interest in the case as it focused on TP documentation and the division of the burden of proof between the tax authorities and the taxpayer.