Why can't all my profit just go to an offshore haven? KPMG explains Asset Management transfer pricing in a post-BEPS world. Investment committees, sub-advisors and referral fees - Oh My! How should asset management tax practices battle the nuances of splitting highly lucrative asset management returns across their global footprints? In an industry which faces commercial pressure, non-tax regulators, and a minefield of BEPS exclusions, navigating the specific intercompany relationships within asset management may seem daunting. Tax authorities are taking very different approaches to the asset management industry, and conquering the compliance and planning opportunities has never been more timely. As part of our Industry Series, Exploring Transfer Pricing tours different industries with specialists to discuss some of what makes their industry of focus unique, and how that might impact the transfer pricing.