Environmental, social, and governance (ESG) policies and the movement towards greater sustainability will continue to transform many businesses. As internal and external stakeholders focus on ESG policies, multinational companies (MNCs) are responding to these pressures by making ESG-related changes to the business.
Given the rapid emergence and broad scope of these initiatives, transfer pricing leaders in tax departments need to take steps to:
ESG and Transfer Pricing
While the breadth and depth of how and if companies embrace ESG varies significantly by industry and company, many companies are moving toward more sustainable business practices. Given this change, companies need to reevaluate the value drivers of their business to determine if they need to modify their transfer pricing policies.Read more
Read the full article from which this report originated - May 2022.Read more
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