While the current economic upheaval is unprecedented, good planning based on lessons learned from prior downturns can help. Principals Robin Hart and Anna Soubbotina from CRA’s US Transfer Pricing group discuss practical steps to take now, before year end, to avoid prolonged exposure to 2020 Transfer Pricing risks. The discussion covered what the pandemic means for intercompany contracts, benchmark results, year-end adjustments and financial statement impacts. Looking ahead to 2021, effective prioritization of corporate transfer pricing resources will be key. We explored ways to focus on areas of highest impact.
Highlights from 2024 and looking forward to 2025
In this Insights, our transfer pricing consultants reflect on significant transfer pricing developments in 2024 and anticipate trends for 2025. We begin with...