EY study: uncertainty reigns across international tax landscape
- 79% of global executives describe international tax environment as “uncertain”
- 82% experienced tax authority challenges to their transfer pricing over the past three years
- Greatest impact of global tax reform to be felt in fundamental transfer pricing rules
Accelerated upheaval across the international tax landscape spurred by tax reforms across the world as well as initiatives such as the OECD’s digitalization effort have led to unprecedented uncertainty among global tax executives. This is according to the EY Transfer Pricing and International Tax Survey 2019, which surveyed more than 700 senior tax and transfer pricing executives representing the Americas, Europe and Asia-Pacific.
The survey covers a wide range of trends and issues along three principal areas: transfer pricing, controversy and global tax reform. As the findings reveal, almost eight out of ten executives (79%) describe today’s international tax environment as “uncertain,” with 42% saying “very much so” or “extremely so.”
Peter Griffin, EY Global Transfer Pricing Leader, says: “The tax world is moving to an era of multilateral policy and administration, which is causing monumental shifts in the practice of transfer pricing. Executives believe there will be an upswell in the depth, breadth and frequency of challenges to transfer pricing. Specifically, executives surveyed anticipate significantly more instances of audits, fines and assessments, and they recognize the need to respond.”
For additional information, visit ey.com/en_gl/transfer-pricing-international-tax-survey.
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