The shale industry is booming across the world with companies keen to exploit the rapid development in this sector. Randy Price, Nadim Rahman and John Wells of Deloitte explain that as the industry grows, transfer pricing will take centre stage, and offer insight on how effective tax planning and addressing the transfer pricing rules are crucial to managing risk.
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Despite the relief, Brazil’s government has also presented a bill which seeks to re-impose a tax burden on companies’ payroll, one local tax specialist told ITR
While successful pillar two implementation will require collaboration across all units, a combination of internal and external tax advice is at the centre of the effort