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EY Global Tax Controversy Flash Newsletter (Issue 70) | UK releases new operational guidance on effective risk management in transfer pricing transactions — Orbitax Tax News & Alerts

His Majesty's Revenue & Customs (HMRC) published new operational guidance for transfer pricing that sets out its view on the application of the OECD's six-step process for analyzing risk. The OECD’s process addresses the identification of economically significant risks, control of risks, role of contracts and pricing of transactions taking into account the arm's-length risk al...