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By Philippe Neefs, Partner, Head of Transfer Pricing, KPMG Luxembourg Sophie Boulanger, Manager, Transfer Pricing, KPMG Luxembourg
The transfer pricing planet is experiencing effervescent times and it looks like we are at the dawn of a new era where new rules will fit to the globalized and digitalized economy, profits will go to value creation and transparency will need to be the new password of multinational enterprises.
Under the pressure of the economic crisis, the political focus on perceived tax avoidance has increased. The Organization for Economic Cooperation and Develop-ment (“OECD”), supported by the G20, made waves with the publication of a report addressing base erosion and profit shifting(1) (“the BEPS report”) in Feb-ruary 2013. The...
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