Baker McKenzie’s EMEA Tax Practice Group presented an overview on “Transfer Pricing”, the first in a series of short webinars to keep tax professionals abreast of recent developments in these less than certain times on 26 May 2020.

The adverse consequences of COVID-19 could be broad, including reduction of consumer demand, supply chain disruption, and an increase in risk aversion in financial markets (driven by an overall downturn in business and consumer confidence). Local subsidiaries of multinational enterprises (MNEs) in affected regions, even those that are operating “business…