Welcome to this issue of Moore Global’s Transfer Pricing Brief, with a special focus on the Latin American Region.

The latest Moore Intelligence podcast features David Tomasi, Global Leader of Moore’s Energy, Mining and Renewables (EMR) Group. He says we should stop waiting for a technological “silver bullet” to tackle global warming when time is short to improve the situation.

World leaders are adopting tough emissions targets in an attempt to significantly reduce the impact of global warming by 2050. However, question marks remain over how the necessary reductions can be achieved.

Maritime shipping routes are the vital arteries of today’s interconnected global economy, accounting for 90% of the world’s trade which is valued at more than $14 trillion.

Moore Australia, Australia’s most respected and connected professional services firm, has issued a guide to support foreign investors looking to do business in Australia.

The global pandemic has forced business owners to confront the shortcomings of their legacy systems and embrace the edge that Artificial Intelligence (AI) and Big Data gives them.

At a time when the only certainty was uncertainty itself, fintech investments stood out as beacons of resilience in 2020. Read more in Moore Kingston Smith's review of H2 2020 growth capital investment in the fintech sector.

Is Growth Capital bouncing back after a difficult start to 2020? Research conducted by Moore Kingston Smith is indicating an optimistic outlook for the Growth Capital market in 2021.

The higher emission targets under the European Union’s (EU) Green Deal put great pressure on the economy, especially its energy- and resource-intensive industries. Companies face the challenge of setting themselves up as sustainable, future-proof and attractive investment projects.

Increased adoption of automated accounting by small and medium size enterprises (SMEs) marks the start of a quiet revolution that can deliver a win-win for accounting firms and their clients, writes Philippe Craninx, Brussels-based Global Corporate Finance Leader for Moore Global.

Mental health and wellbeing has never been so important than in today’s working environment. Whether your teams have been working remotely since last March, or have been attending socially distanced and vastly changed workplaces, the challenges are great and varied.

The EU Posted Worker directive is coming into full effect on July 30^th 2020. Most companies do not understand their obligations and responsibilities in this new compliance environment. This leaves a number businesses potentially exposed to penalties for administrative failures.

Businesses across the technology industry are being significantly impacted by our current economic disruption and restrictive global environment. Regardless of how established tech companies are, they are having to re-evaluate how they manage and operate their business, including revisiting their strategic business plans.

We are at the brink of what is very likely to become the largest bullwhip effect ever seen by supply chain professionals. Every business on the globe will be affected. Which key actions can you take in these moments of crisis to help you get your supply chain back on track and counter the furious fluctuations in supply and demand?

Does your business talk the innovative talk but struggle to walk it? If so, it could be that you don’t have enough Intrapreneurs in your organisation. And even if you have them you might not know who they are or what to do with them.

The World’s economic activities have become severely affected since February due to the outbreak of COVID-19. Governments have imposed travel bans, quarantine measures and various business operating restrictions to limit the spread of the virus. This has resulted in unprecedented elevated market volatilities. Stock market indices fluctuations of +/-10% daily are not uncommon. In valuation practice, volatility is translated as risk and a key parameter in pricing an asset. However, quantifying such risk is challenging as the situation is still developing, and there are no clear indications as to when the pandemic will subside.

The emergence of COVID-19 has provided an awakening call for much of the business world. With nearly 3 billion people around the globe under COVID-19 lockdowns, many businesses in the world are experiencing unprecedented business challenges

Stress is knowing that you have a problem and not knowing how to solve it.  Real stress is not knowing you have a problem and having to come up with a solution on the fly. 

Good businesses are built to withstand tough times.  

In response to the increasing demands for building consensus within the valuation industry, various valuation guidelines have been developed to suit different purposes, and to cater different needs. Among them the International Private Equity and Venture Capital Valuation (IPEV) Guidelines and International Valuation Standards (IVS) are two of the most widely adopted standards in the private equity investments and accounting practices respectively.

With business moving at an unprecentended pace, many company leaders fail to slow down and thoroughly review all of the challenges and opportunities, large and small, that could impact their organisations’ future success. There’s barely time to complete daily tasks, much less set aside a few hours (or even minutes) for strategic reflection.

812 businesses raised £3.42 billion of growth equity capital in 2019 (2018: £3.58 billion across 923 investments). British businesses are therefore securing larger sums of investment than in 2018 as average deal size rose from £3.88 million in 2018 to £4.23 million in 2019.

Customer experience has changed dramatically since the proliferation of digital technology. Consider some day-to-day examples in our lives - we now have self-checkout at grocery stores, ATMs are replacing the need for bank tellers, online shopping has made it so you don’t have to make eye contact with the floor sales associate, and you can now even place your coffee order via a voice command on a smart device. With these changes, the traditional touch points (i.e. face-to-face interactions), which had the greatest influence over customer experience in the past, have shifted. Now, in the digital age, the way in which you satisfy your customer has also had to evolve.

These days, it seems everyone is talking about "data" in some form or fashion. Breaches and privacy command most of the headlines, but analytics is generating buzz in the professional financial services industry, as more firms explore ways to put data to work for their organisations and clients. 

The International Accounting Standards Board (IASB) issued IFRS 16 Leases on 13 January 2016. Revising the lease accounting requirements was first added to the IASB’s agenda in 2006. Since then, several exposure drafts have been issued and hotly debated. Now that IFRS 16 has been released, our team looks at the key implications for leases and lessees.

 

The professional financial services industry—and accounting in particular—is in a perpetual state of change. Evolutions in consumer behaviour, continuous advances in technology, and competition in myriad forms are threatening the health of any firm that fails to adapt.
 

Not all innovation involves large, drastic organisational changes to your business, in fact incremental innovation can be just as effective and can add huge value to your business with minimal impact on the expense items in your P&L. Karen Franks, Director of Innovation, Entrepreneurship and Learning, at Moore Stephens Australia outlines the 6C's for implementing incremental innovation into your business.

Anton Colella, global Chief Executive of Moore Global, discusses the importance of ethics in today's businesses.

As a UK business trading with one or more of the other 27 EU countries, how can you prepare for a no-deal scenario, which remains a possibility?