In-house tax professionals anticipate a Brazilian OECD membership will solve problems with complex transfer pricing rules and costly disputes with the tax authority. Calculating an arm’s-length price can be a challenge because Brazil’s most commonly-used transfer pricing method, the resale price method or PRL, has fixed margins.
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The cuts disproportionately affected staff in certain positions, the report also found; in other news, MHA announced the €24m acquisition of Baker Tilly South East Europe
Meanwhile, South Africa’s finance minister has accepted a court decision on suspending a VAT increase and US President Donald Trump mulls a 100% tariff on foreign films
Jaime Carey speaks about the benefits of his tax background, DEI values, the use of AI for a smarter legal practice, and other priorities that will define his presidency