Survey respondents expressed concerns about effective tax rate instability as the implications of the BEPS 2.0 Pillar Two global minimum taxes become reality. Additional factors like inflation and environmental, social and governance (ESG) considerations compound the pressures reported by participants. Tax departments identified transfer pricing certainty as a key focus to achieve tax certainty. They agree they need to shift their focus toward standardizing transfer pricing data and adapting transfer pricing processes that can help ease dispute resolution. Transfer pricing professionals also need to engage with the C-suite on business decisions early in the process to increase transfer pricing certainty...