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How to keep pace with transfer pricing developments in oil & gas

The cross-border nature of the oil & gas industry means that in-house tax and transfer pricing professionals working in the sector need to be aware of the key developments in related-party transactions.

Compliance demands are only getting stricter, which makes it critical for professionals to be in the know about what is required as they go about their roles.

A special International Tax Review web seminar on Friday December 14 gave professionals the opportunity to gather key transfer pricing insights specific to the oil and gas industry value chain.

This web seminar, led by John Wells and Randy Price, national transfer pricing leaders in Deloitte’s oil & gas (O&G) industry practice in the US, covered three core areas:

· A primer on the O&G industry segments (for example, upstream and mid-stream), transfer pricing fundamentals, and transfer pricing issues specific to the O&G industry to broaden the general knowledge base of international tax and transfer pricing professionals

· The rapidly expanding global shale/tight oil and shale gas play and highlight some of the transfer pricing issues inherent in these cross-border investments of oil companies.

· Transfer pricing considerations of intragroup financing that highlights the challenges of pricing cross-border loans in this capital intensive industry.

The archived web seminar is available here.

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