Barnes Dennig Transfer Pricing After Tax Reform and COVID-19 120920 - BD | Page 19
IS THERE MORE TO TP THAN COMPLIANCE ?
• Transfer pricing impacts where profits and losses accrue within an organization ( by country )
• TP to utilize US / foreign tax NOLs = big tax / cash savings
• Transfer pricing can be an overlooked opportunity and / or impediment for companies struggling with Covid-19
• Covid-19 tax net operating loss provisions ( Carryback ) can also be another valuable source of cash .