ATAX MANAGEMENT ANSFER PRIG VOL 12, NO. 23 SPECIAL REPORT APRIL 14 2004 Europe as One Market: A Transfer Pricing Economic Analysis of Pan-European Comparables Sets By Peter Meenan, Roman Dawid, and Jorg Hulshorst Table of Contents B. General Comparability for the T lines I Introduction S-3 C Comparability Analysis Process II. The European Single Market Initiative he TNMM A. Treaty of Rome in 195 1. European Financial Database S-10 B Further Harmonization in the Eighties 2. Refining the Comparability Analysis.. S-11 C Monetary Union 3. Finalizing the Comparability Harmonization of Legal Framework Analysis S-11 E. Conclusion D. SI S-11 IiI Is Europe One Market? -Overview of V. Empirical Analysis of"Is Europe One Previous Research Appendices S-6 Market?' S-11 A. Price Convergence S-7 Specific Tests Intra-EU Trade Fl 1. Refinement of the Comparability European Financial Market Integration Selection Process for the specific D. Profit Convergence E, Summary of Previous Research 2. An Outcome of the Specific Tests- bility and ma rkets in the oecD Uneven Data Distribution by Guidelines and the TNMM Comparability Analysis Process s-9 3. Statistical Analysis of the Specific A Market Comparability for the TNMM S-14 the OECD guidelines S-9 B. Broader Tests 1. Overview of the Broader Tests Statistical Analyses Report No. 43 2. Interquartile Range Tests for Broader Tests Circulate this Special Report to practitioners 3. Supplementary Tests for Broader involved in transfer pricing C Conclusions Regarding the Emp Then FiLE behind the Special Reports tab in Analysis of"Is Europe One Marke the Tax Management Transfer Pricing VI Conclusion November-April binder. VIIL. Excerpts from EU Commission Paper on Taxation in the internal Market CPYRIGHT 2004 BY THE BUREAU OF NATIONAL AFFAIRS, INC., WASHINGTON, D. C. 20037 ISSN 1C63-2C69