How australian taxation office is trying to remediate issue

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Question: Transfer pricing is a major concern for tax authorities who are worried that multi-national entities may set transfer prices on cross-border transactions to reduce taxable profits in their jurisdiction. This has led to the rise of transfer pricing regulations and enforcement, making transfer pricing a major tax compliance issue. Explain what transfer pricing is in greater detail and address how the Australian Taxation Office is trying to remediate this issue?

Reference no: EM131673487

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