The global tax controversy environment has been changing rapidly in recent years, with a substantial impact on multinational companies (MNCs). There also is a growing trend, both globally and in the United States, to focus on transfer pricing, which puts pressure on MNCs to be proactive and prepare for controversy on issues regarding profit allocation and intangibles. While disputes are on the rise, there are limited options for efficient and effective resolution.
PwC on May 1 hosted a webcast featuring global tax controversy specialists who discussed important recent developments in this area. This Insight highlights those discussions and considerations for MNCs.