Transfer pricing specialists at Standard Chartered, Citigroup and Nomura Securities expect the OECD’s base erosion and profit shifting (BEPS) project to have a significant impact for financial institutions but worry that new transfer pricing rules will be burdensome in what is already a highly regulated sector.
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Like medicine, tax is an evolving science. Norah Al Khalaf explains how tax policies have changed across the member states of the Gulf Cooperation Council and what tax departments should prepare for next.