In this 2018 global study, Deloitte recently commissioned an extensive, global, independent research to understand emerging Transfer Pricing trends. The study participants included top tax decision makers from multinational companies with revenues in excess of $1 billion USD.
The research has revealed three major trends:
- Centralization: A trend towards greater centralization in transfer pricing operations. It was acknowledged that the pace and degree of centralization was likely to vary considerably between businesses.
- Consolidation: Increased market share for the Big Four firms is a steady, pervasive trend, however the market still seems highly complex and individualized to each businesses intended approach.
- Specialization: Businesses want more than "off the shelf" solutions including tailored advice and innovative ideas across supply chain, intellectual property, legal, and indirect tax.