The action that Portugal has to take in the coming years to fix its economy mean there will be more scrutiny of transfer pricing from the tax authorities, believe Leendert Verschoor and Gonçalo Moreira of PwC Portugal. They recommend that taxpayers should review their transfer pricing policies now to prepare for this.
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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