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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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap