EY Global Tax Controversy Flash Newsletter (Issue 41) | How businesses can navigate transfer pricing risks

A convergence of trends, including global tax reform, supply chain reconfiguration and digital transformation, is putting pressure on transfer pricing (TP), increasing the risk of tax controversy. Fifty-six percent of participants in the 2021 EY International Tax and Transfer Pricing survey believe there is uncertainty in TP, which is creating an unstable environment and decreasing their ability to depend on past settlements and court cases for current enforcement guidance. Despite this instabil…