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ARTICLE · 03 JUNE 2020

Transfer Pricing And COVID-19 — Repercussions, Re-Evaluation And Way Forward

The rapid global scale outbreak of the novel coronavirus (COVID-19) has taken the world by storm.

IndiaTax

The rapid global scale outbreak of the novel coronavirus (COVID-19) has taken the world by storm. This disease has transformed into a global pandemic disrupting lives, crumbling healthcare systems, crushing livelihood, dwindling financial markets, and devastating world economies alike in geometric progression.

While the immediate impact of the pandemic is known to mankind, this accelerating crisis has already engulfed the world economy by a temporary shutdown of industries, restricting the free-flow movement of goods, services, people, money. Operational closure of certain industries has brought the livelihood to a standstill, thereby causing even larger and deep-seated devastation.

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