The examination consists of two parts: a theoretical one (Questions 1-3) and a practical one (Questions 4-5). You are required to answer THREE out of the five questions: TWO questions from the theoretical part (Questions 1-3) and ONE question from the practical part (Questions 4-5)

Question 1 / 5 (Free Text — 0 grades) 

How important is the arm’s length principle in international taxation? What difficulties does it present for multinational enterprises? Is there an alternative approach?