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Why businesses overpay tax in emerging markets and how to avoiFor UK businesses expanding into emerging markets, the prospect of growth can be very appealing. But that promise often comes with hidden costs, especially in tax. Without careful planning, misunderstandings of local rules, double taxation issues, and weak transfer pricing policies can eat into profits. Here, we explore the most common reasons companies overpay tax abroad and a clear roadmap to help avoid those pitfalls. 1. Navigating Complex International Tax Rules Emerging markets often have tax regimes that evolve quickly, with shifting legislation, sometimes opaque regulations, and diverse local practices.…