Lower levels of demand. Disruptions to supply chains. Increases in exceptional, nonrecurring operational costs. These are the key factors which have led to a loss situation faced by many companies of multinational groups during the COVID-19 pandemic, irrespective of whether they are a limited risk or a fully fledged entity. What is the OECD’s view regarding how entities should approach transfer pricing in light of these circumstances?

CTP purchases 460 hectares forest in eastern Czechia raising the total forest the company owns to 560 hectares. The purchase is part of CTP’s strategy to own one square meter of forests for every one square meter of buildings it has, and with this ownership, to restore and protect the forests’ native biodiversity. This purchase brings CTP to the 89% benchmark of this goal.

The ongoing pandemic has impact also on the world of taxes. The virus is behind the rather bewildering variety of new tax breaks that have been created, and it has even effects on cross-border transactions – though this is a topic for another time. Today, we shall have a look at the latest tax news on the domestic turf, to keep you abreast of the development in this country.

Dear members,

on behalf of the board, I would like express our hope that you, your family, work colleagues and friends are making safely physically and mentally through these difficult days. We often say the most important thing is our health, and the pandemic has made each of us understand how true that is.

I wanted to write to you to inform you about what is happening in AmCham.