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 | | By: Michael K. Stenstrom ISBN: 0784408483 Publisher: American Society of Civil Engineers Release Date: 15 March, 2007 Bioscience book rank: 1583452
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 | | By: Ralph A. Wheeler ISBN: 0841237204 Publisher: An American Chemical Society Publication Release Date: 22 July, 2004 Bioscience book rank: 1578429
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 | | By: Anne McKinney ISBN: 1885288271 Publisher: Prep Publishing Release Date: 01 April, 2002 Bioscience book rank: 432625
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 | | By: Michelle Markham ISBN: 9041123687 Publisher: Kluwer Law International Release Date: 12 July, 2005 Bioscience book rank: 1374117
| Since nobody's reviewed this much at all (I only read the TaxAnalyst's review of this book before I even thought of purchasing this) I guess I might as well be the first one on Amazon to review this.
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<br /> First off just going to state that I'm currently a Master's-Tax, CFA level II candidate that has passed the US CPA exam so I do have some knowledge of this topic, as well as valuation, accounting practices, etc. No real-life experience, however. Basically going to give my perspective on the most of the book I have read so far (otherwise I'll probably forget to review, as I'll be busy after the end of Spring Break). I'm also assuming if you're even here you have some understanding of tax law--without it, this book can be a rather slow read.
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<br /> First, the bad. While the book itself is quite small--approx. 320 pages, less than full-size hard-cover--and therefore terse, there are times when the points that transfer pricing rules in the various countries are unclear, perhaps unfair, etc. are reiterated way too much. It also talks about documentation to a good degree (a big requirement, as anyone who has any small understanding of T/P would know). However, as a student I expected much more with regard to this and perhaps some prime examples. It basically went on with the fact that the documentations requirements for, say, the US are not only high, but very hazy and therefore leaves companies vulnerable to the IRC Sec. 6662 penalties for TP adjustments. Considering that the book is on TP AND intangibles, I guess the lack of any available real-life examples should not be surprising. (If the book had at least given one descriptive example, even if theoretical, I would have gladly given 5 stars for this review.) Another odd thing was that intangible valuation for taxation purposes was not really per se discussed. As many would call this an art form, I'll refrain from commenting on this, and perhaps the author was just being smart in not discussing it either, as the valuation for such items are often delegated to independent third party valuation houses anyway. Just as an aside though, my understanding is that there are some fairly useful US cases on such intagible valuation/taxation if one looks for it, so it's not so bad.
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<br /> As for the outline of the book, the first third of the book basically concerns itself with transfer pricing methodologies, the second third documentation requirements/penalties, and the last third mostly on APAs (I guess this part would be important mainly for practitioners with Fortune 500 size clients. The use of APAs, while growing, is only something very specialized practitioners will run into or consider.)
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<br /> I felt that the recommendations near the end of certain issues were somewhat helpful. The book discusses the merits/shortfalls about global formulary apportionment as a solution to the "arms-length standard" and brings up a concise, and as far as I know, correct, understanding of the formulary apportionment used by the states in the US. I thought this was a nice touch, as reading the Code and pertinent regulations would not lead me to a discussion of such a possible, long-run alternative for the "arms-length standard." There were also occasionally requirements of different countries brought up as well (such as Japan) when they coincided with, for example, the OECD regulations/guidelines. That was a nice touch as well.
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<br /> In conclusion therefore I found that the book, even though published in 2005, was still quite helpful in giving me more detail about the "logic" and pitfalls of transfer pricing rules in the US and OECD. The writing style is to the point, and leaves a lot of the rules to the footnotes and concentrates on the effect of these rules, somewhat similar to the writing style of Bittker & Eustice (which I like, by the way.) Hard to say if its worth the $150+ retail, considering that it is relatively short for such a tax topic. But at the same time I felt its a lot better than the repetition I often find in large tax books such as those published by Hellerstein. This is the kind of book one reads to get a better understanding, but probably does not really refer to afterwards for said topic. Overall I can definitely discuss this topic much much better now but I'm sure engaging this in the real-world will still be a rough ride. I personally didn't mind shelling out the dough for such analysis.
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<br />Hope this helps. |
![]() | | By: John D., Jr. Hahn, Pennsylvania Railroad ISBN: 1881411176 Publisher: Withers Publishing Release Date: May, 1998 Bioscience book rank: 1629251
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 | | By: James T. Hynes, Judith P. Klinman, Hans-Heinrich Limbach, Richard L. Schowen ISBN: 352730777X Publisher: Wiley-VCH Release Date: 09 January, 2007 Bioscience book rank: 1598599
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 | | By: Oded Stark ISBN: 0521663733 Publisher: Cambridge University Press Release Date: 13 November, 1999 Bioscience book rank: 1453869
| This is an outstanding book, one that economists and other social scientists interested in household behavior will find extremely interesting. It is a collection of six lectures on a variety of "economics of the family" topics. In most cases, Stark provides new and very intriguing ways of explaining household behavior. For example, we often observe adults giving money to their elderly parents. Why? Conventional explanations include altruism (people care about their parents) and "exchange" (money is given in exchange for services, e.g., elderly parents are taking care of grandchildren). Stark suggests an alternative explanation: people give money to parents to "demonstrate" the appropriate behavior to their own children. The hope is that the children will, in turn, transfer money to the parents once they become adults. This hypothesis generates testable predictions, and empirical work supporting these predictions is also presented.<p>Other topics Stark addresses include the reasons for investments in human capital (which may be linked to the timing of expected bequests), the motivation for remittances by migrants, the reasons why migrants may do better (e.g., in the labor market) than native born workers, and other. Again and again, Stark suggests new and interesting ways of thinking about these issues.<p>Most chapters contain "technical" sections that readers without graduate training in economics are unlikely to be able to follow. In all cases, however, the main points are also explained in plain English, so that even the non-initiated can understand the arguments and gain much from reading the book. |
![]() | | By: Grant S. Nelson, Dale A. Whitman ISBN: 0314262849 Publisher: West Group Release Date: August, 2003 Bioscience book rank: 811673
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 | | By: Burghard Ciesla ISBN: 3718658224 Publisher: Routledge Release Date: 01 April, 1996 Bioscience book rank: 1606406
| The cover of this book shows a ground radar, satellite, swept-wing bomber, a missile, and circuit board. What these elements have to do with the actual content of this book is not explained. The contents consist of a series of essays written by authors that are torturous to read. While this is an academic work, and though the various authors are duly cautious about drawing conclusions, they basically tell the reader that they can't draw many conclusions from their studies. Many questions are asked but few are answered. A few tentative conclusions would have been better, instead one is left feeling that this is a work in progress. There are references to hardware but a lot of space is devoted to psychology, economics and denazification. I think Science, Technology and Reparations by Gimbal covers the methodology surrounding physical reparations better, although it is a dry read. For those looking for a really well written overview of the hunt for German scientists and technology, I recommend The Paperclip Conspiracy by Bower.
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<br />Two stars is the best I can give for a small book, 151 pages, including Index, plus i to xviii of introductory material, and it was expensive when initially published. Not recommended for the average reader who is interested in this subject. |
 | | By: Madeleine Orban-Szontagh ISBN: 0486292983 Publisher: Dover Publications Release Date: October, 1996 Bioscience book rank: 1722349
| This is a 16 page book or iron on transfers. Most pages have multiple designs on a page. There is one mask. Several pages have designs that could be used for borders on a garment. It is well worth a $1.00. |
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