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Tax in Turbulent Times

In the third in our series on 'Tax in turbulent times' James Thurgur and Charles Havisham of KPMG LLP look at the dramatic impact current market conditions are having in the world of transfer pricing
According to legend an ancient Chinese curse expresses the wish that its victim may 'live in interesting times'. The economic times these days are certainly interesting and as the curse implies we might all prefer that instead they were a bit more dull. But here we are and our times look like remaining interesting for a while yet (even the Chancellor now agrees) so how do we react? In particular do we need to question some of the old assumptions about the way different types of businesses operate bear risks and earn...

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