Global tax authorities and multinationals in the US, Australia, and Canada are facing off in legal challenges next year over their pricing methods with millions at stake for both sides, and the potential to alter the landscape for laws governing methods for valuing transactions.
The outcome of the cases could hand companies new tools to lower their tax bills or empower tax authorities with new approaches to raise taxes owed on transfer pricing transactions, including in a closely-watched case in Australia involving PepsiCo Inc.
Multinationals will also be testing out new ways to fight transfer pricing adjustments in 2024 by ...
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