Across the board tax authorities are pushing to collect more revenue and transfer pricing is a prime target. In spite of economic difficulties, transfer pricing specialists are in demand across the world to deal with these extra enquiries and companies are hiring fast. Sophie Ashley looks at transfer pricing recruitment trends and requirements in some of the world’s biggest multinational companies.
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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