Major changes are on the cards for Hong Kong’s businesses, with a new transfer pricing regime being introduced before the end of the year and the territory’s new leader Carrie Lam pledging thorough tax reform. Advisers expect to see an increase in disputes, while businesses seeking stability await an advance pricing agreement programme.
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The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process