The impact of Covid-19 has been profound. The spread of the virus has strained local medical infrastructures, introduced travel restrictions, limited social contacts, and created unprecedented disruptions to the global economy.
A wide variety of industries are seeing disrupted supply chains, reduced customer demand, curtailed operations and output, decreased liquidity, and significant changes to how business is conducted (e.g., working from home and “virtual meetings”). Governments across the world are struggling to release legislation and guidance addressing the most critical needs of their citizens and ensure the resilience of businesses large and small. They have turned to tax provisions in many cases to dampen economic hardships and free much needed cash resources.
Comprised of 50+ Baker McKenzie lawyers and economists from around the world and in partnership with Bloomberg Tax & Accounting, this special report identifies the most critical transfer pricing issues businesses should be analyzing now.
Visit Coronavirus Tax Resources to access related tax developments and resources on Coronavirus.