Are you ready for a new era of transfer pricing?

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Are you ready for a new era of transfer pricing?

are-you-ready-for-a-new-era-of-transfer-pricing.jpg

In collaboration with Deloitte, ITR brings you the key themes that global tax and transfer pricing (TP) experts should consider as they confront the new reality facing the financial services sector.

Click here to read the entire 2020 Deloitte/ITR Financial Services Guide

In collaboration with Deloitte, ITR brings you the key themes that global tax and transfer pricing (TP) experts should consider as they confront the new reality facing the financial services sector.

The guide comes at a unique juncture when economies look to simultaneously advance, balance and protect their TP regimes amid the development of a financial crisis.

Several prearranged strategies for establishing TP proficiency have been hindered by the most drastic global interruption of our times, COVID-19. Businesses face a range of unusual commercial and operational challenges, while also having to re-evaluate their models for the daunting prospect of a 'new normal'.

Meanwhile, the OECD continues to pioneer multilateral efforts to address challenges stemming from the digitalisation of the economy, as it seeks to restore stability and certainty in the international tax system. In an exclusive interview for the guide, Deloitte's leaders talk to Stewart Brant, the OECD's head of the TP unit, on the route forward for the organisation.

A key driver of the transformation involves developing the regulatory environment. Financial services firms are keeping track of a multitude of evolving regulations influenced by Basel III and MiFID II. The complex interbank lending rate (IBOR) transition is also on the horizon, while the application of DAC6 across EU member states evokes further consideration.

As markets adjust accordingly to the revamped version of business during the pandemic, fresh opportunities will begin to arise for investors. In particular, China's market liberalisation through changes in ownership limitations and the expansion of the Star market will perhaps serve as the catalyst for a global economic recovery.

Over the coming years, experts from Deloitte's global TP team will play a pivotal role in steering financial services firms through the myriad of ongoing economic challenges. We hope that you enjoy reading the practical insights from those leading the progression in our first Transfer Pricing: Financial Services guide.

Prin Shasiharan

Commercial editor

ITR

more across site & shared bottom lb ros

More from across our site

APAs should provide a pragmatic means to agree to an arm's-length outcome for an Australian entity and for the ATO, the tax authority said
Overall revenues and average profit per partner also increased in the UK, the ‘big four’ firm revealed
Increasingly complex reporting requirements contributed towards the firm’s growth in tax, it said
Sector-specific business taxes, private equity tax treatment reform and changes to the taxation of non-residents are all on the cards for the UK, authors from Herbert Smith Freehills Kramer predict
The UK’s Labour government has an unpopular prime minister, an unpopular chancellor and not a lot of good options as it prepares to deliver its autumn Budget
Awards
The firms picked up five major awards between them at a gala ceremony held at New York’s prestigious Metropolitan Club
The streaming company’s operating income was $400m below expectations following the dispute; in other news, the OECD has released updates for 25 TP country profiles
Software company Oracle has won the right to have its A$250m dispute with the ATO stayed, paving the way for a mutual agreement procedure
If the US doesn't participate in pillar two then global consensus on the project can’t be a reality, tax academic René Matteotti also suggests
If it gets pillar two right, India may be the ideal country that finds a balance between its global commitments and its national interests, Sameer Sharma argues
Gift this article