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<h1>Comprehensive Tax Reform Targets Global Business Transactions to Close Loopholes and Prevent International Tax Avoidance Strategies</h1> Legal analysis of proposed tax legislation reveals a comprehensive redefinition of international transactions. The new clause expands the scope of cross-border dealings between associated enterprises, particularly those involving non-residents. Key modifications include broader coverage of tangible and intangible property transactions, capital financing, services, business restructuring, and cost-sharing arrangements. The provision aims to prevent tax avoidance by implementing more robust transfer pricing regulations, aligning with global standards and addressing emerging business models. The changes enhance documentation requirements and administrative oversight of international commercial interactions.