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Globalisation and the continued growth of international trade have made intercompany pricing a material and challenging issue for many businesses. The increasing complexity of businesses, together with the more onerous transfer pricing documentation requirements around the world and the demands for more tax transparency, means that the need for a 'fit for purpose' transfer pricing strategy and execution is more important than ever before.
Changes initiated by the OECD, EU and national governments require you to actively monitor, implement, and if necessary, amend or modify how you determine and justify your internal transfer pricing policy.