Economists and analysts around the world are aligned in saying that the economic crisis, that will follow the lockdown imposed by the pandemic, will be worse than the financial crisis of 2008. If this will be the case, multinational groups (“MNEs”) should carefully evaluate how this crisis will impact their transfer pricing (“TP”) policies in place as well as many other TP related aspects. While at this stage it is difficult to fully predict the extent of the impact that COVID-19 will have on TP policies and perspectives, in this article, we outline some key areas that should be actively managed and monitored to mitigate the effects of economic turmoil.
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