“The ATO is looking into a more self-assurance regime. The ATO is pushing the burden into the tax-payers to make sure that they second-test their positions and make sure that none of those positions are risky,” says Lorena Sosa, Partner at Grant Thornton.
We recently sat down with Lorena Sosa ahead of the Transfer Pricing in Practice for SMEs seminar on Wednesday 1 April, where she will be drawing from her extensive experience to chair the program.
Lorena Sosa is a Partner heading the Sydney and Brisbane Transfer Pricing practices. She advises clients on Transfer Pricing issues and international tax planning. She has over ten year’s professional experience with global firms in both Australia and Latin America. Lorena’s experience also includes assistance with coordination of the global Transfer Pricing practice for Grant Thornton International. Lorena has extensive experience assisting corporates in the technology, retail and e-commerce sectors. She assists with planning their transfer pricing and tax optimisation strategies; particularly where corporates are looking to expand into overseas markets in the US, Europe and Asia-Pacific regions. Lorena has significant experience dealing with transfer pricing issues associated with the planning and pricing of financing transactions for corporations and investment funds. Lorena has also provided advice to large multinational corporations in the automotive, pharmaceutical, logistics, manufacturing and services industries. Her expertise includes audit defence, ruling negotiation (including Advanced Pricing Agreements and Mutual Agreement Procedures), Multinational Anti-Avoidance and Country by Country (CbC) assignments, due diligence services (focusing on transfer pricing risks and opportunities), prudential reviews of transfer pricing risks, Value Chain Optimisation consulting and strategic consulting. Lorena has substantial experience with global transfer pricing projects aimed at achieving cross jurisdictional compliance and profit allocation optimisation. Connect with Lorena via email or LinkedIn