This extract is based on an article written in lexology.com
It has never been more important for multi-national enterprises (MNEs) to consider their global transfer pricing positions.
Governments around the world have stepped up their “tough on multi-national tax” rhetoric fuelled by intense political pressure.
They have strengthened transfer pricing laws and regulations following the Organisation for Economic Co-Operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) project, and initiated numerous global audits on transfer pricing arrangements. Transfer pricing is also more than just an international tax issue, as evidenced by recent State aid investigations in the EU.
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