# Recent circular deals with flashy AI big guns and startups could trigger transfer pricing issues for unwary tax departments.

*business · news · 2026-04-24 · Bloomberg Tax News*

## Key points

- Circular deals among major AI companies may pose hidden transfer pricing risks.
- Recent AI sector investment strategies could trigger unforeseen tax implications for tax departments.
- The IRS and Meta are currently engaged in a dispute at Tax Court.
- Australia has recently tightened certain transfer pricing and tax regulations.

**Companies:** Meta, Coca-Cola
**Countries:** Australia

[Read the full story on Bloomberg Tax News](https://news.bloombergtax.com/daily-tax-report/circular-ai-deals-raise-control-issues-transfer-pricing-report)

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