Implications of and potential mitigation strategies for U.S. and Global Tariff Changes from tax and transfer pricing perspectives Overview of Tax/Transfer Pricing Challenges The recently proposed increases in US tariffs on imports from Canada, Mexico (albeit currently paused) China and the EU, among others, introduced by the Trump administration, and the anticipated response from those jurisdictions impacted by the proposed US tariffs will have several transfer pricing implications which multinational enterprises (MNEs) should consider. These…

Baker McKenzie’s Global Customs Practice invites you to join us for a webinar we’ll be hosting on “Trump and Tariffs: Focus on the US, Canada and Mexico”.This one-hour webinar will take place Wednesday, 5 February 2025 at 10:00 Mexico City / 11:00 EST / 17:00 CET. On February 1st 2025, President Trump signed executive orders imposing the long-anticipated tariffs he has called on for Canada and Mexico including 25% tariffs on non-energy imports from Canada and on all…

Faced with a changing economic and regulatory landscape, multinational companies are re-evaluating their operating models in the Middle East to remain competitive and enhance performance. Successful business reorganization requires careful planning and implementation to achieve intended operational and financial objectives. Baker McKenzie is delighted to invite you to an interactive seminar at our DIFC office in Dubai on 24 April 2024, focusing on the key issues faced when reorganizing operations and distribution arrangements in the…

Hot on the heels of the German Federal Fiscal Court’s publication of its final decision in the Hamamatsu case (our blog on that here), UK Customs (HMRC) have today published updated guidance on the customs valuation of imports, replacing its previous guidance (Notice 252). What jumps out at first glance is a seeming change in policy with regards to the valuation of goods sold between related parties, with HMRC advising “you will not usually be…