Japanese companies and their overseas subsidiaries have reaped a surprising bounty over the course of the pandemic, as sales and profits boomed. That has raised concerns companies could face heightened scrutiny from the Japan National Tax Agency.
Bloomberg Tax spoke with Harumi Yamada, transfer pricing team leader at Grant Thornton Taiyo Tax Corp. in Tokyo, about current issues in Japanese transfer pricing and intragroup services. Yamada previously spent 27 years working for the Tokyo Regional Tax Bureau.
Bloomberg Tax: What are the biggest transfer pricing issues to watch for in Japan, and how have COVID and remote work affected ...