Strategizing International Tax Best Practices – by Keith Brockman

The Australian Tax Office (ATO) has provided valuable guidance re: addressing the effects of COVID-19 and potential transfer pricing arrangements.

The main takeaway is to ascertain the financial effects before and after COVID-19, using objective data to provide a reasonable basis for reviewing transfer pricing risks and arrangements.

This guidance should represent a template to review transfer pricing arrangements in other countries.

https://www.ato.gov.au/Business/Business-bulletins-newsroom/General/COVID-19-economic-impacts-on-transfer-pricing-arrangements/

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