Pressures on supply and value chains are causing organizations to consider changes to their operating models. Companies are contemplating multi-hub models as they look to manage supply chain issues. One area of consideration is whether double tax treaties are available to allow use of bilateral or even multilateral advance pricing agreements (APAs) and mutual agreement procedures (MAPs). “Having a treaty network is key to your overall transfer pricing controversy strategy,” says Ameet Kapoor, Transfer Pricing Partner at Ernst & Young LLP. As transfer pricing (TP) audits at a global level are on the rise and potentially becoming more targeted, treaties...