GTP: TRANSFER PRICING IN TIMES OF A GLOBAL PANDEMIC

What a tragedy for many of us: the Covid-19-crisis will definitely change our live and the economies around the globe. Our empathy and thoughts are with the many fellows who are – directly or indirectly – affected by the virus and the aftermaths.

The GTP® TEAM started its digitalization strategy on the transfer pricing model (GTP® AGENT) months ago, long before the virus started its infestation. Now, in light of this crisis with home office work, curfews, and the need for contact minimization among people, we are ready to deliver our transfer pricing services in the fully-fledged digitalized mode. Back in 2019, our solution portfolio was restructured exactly for the sake of such digitalization of the transfer pricing model of multinational firms and their advisors: tools & software solutions, services, data and updates.

Feel free to request your customized solution which suits your current needs in the area of ​​transfer pricing and compliance management. Instead of risky onsite meetings and with the intention to avoid physical interaction, we are ready to deliver digital transfer pricing documentation packages, CbC reports, professional structuring of transfer pricing systems, benchmarking and numerous kinds of arm’s length tests, value chain calculations, and compliance management features. Of course, as ever in the past, we offer our services at the best conditions for you – in particular in times where we feel we should stay together.

Also, I’d like to raise your awareness that the current shutdown in many countries around the globe does fundamentally impact the transfer pricing system of multinational groups. Severe economic damages from external market risks may now result in extreme loss occurrences and even in matters of fact of insolvency. We want to raise awareness that once the immediate liquidity issues of the related-party taxpayer organization are resolved, the long-term effects of the crisis should be reflected inside the economics of the transfer pricing system of multinational groups.

Most important, however, please stay safe and healthy. Our hearts go out to anyone who’s been impacted by the virus, either directly or indirectly. Our thoughts are especially with those who are sick, to whom we extend our wholeheartedly wishes for a full recovery.

 

Dr. Markus Brem & GTP ® TEAM