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Transfer pricing adjustments US tax professionals priority

by Daniel Milroy Maher

According to a survey carried out by KPMG US, the potential federal business tax reforms and the "rigorous pursuit" of transfer pricing adjustments by foreign countries are US tax professionals' main concerns.

Over a quarter of those surveyed prioritised the need for transfer pricing adjustments above all else, whilst 24% placed the potential for US business tax reform at the top of their list.

The study, which involved 250 US senior tax professionals, showed "that these and other key tax issues will present US companies with challenges and opportunities as the global business landscape continues to evolve," said vice chairman of KPMG's US tax practice, Jeffrey LeSage.

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