If your global company is engaged in the exchange of goods, services or intangible assets with related entities across international borders, you should be aware of the tax requirements regarding transfer pricing. The IRS has identified transfer pricing as one of the top audit issues, and you could risk incurring steep penalties of 20% - 40% on transfer pricing adjustments if you are not in compliance. A transfer pricing study could prevent that from occurring.
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Topics: Transfer Pricing, manufacturing, Uncategorized
U.S. and India reach transfer pricing agreement.
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Topics: Transfer Pricing, Tax, Uncategorized
U.S. Treasury and IRS Identify 2014-2015 International Tax Priorities
Posted by celliott on Sep 26, 2014 10:35:02 AM
The U.S. Treasury and the Internal Revenue Service (IRS) have announced their Priority Guidance Plan for 2014–2015. This plan includes 41 separate projects concerning international issues. The international issues covered are transfer pricing, Subpart F income, inbound transactions, outbound transactions, foreign tax credits, sourcing and expense allocation, treaties, and other general topics.
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Topics: Tax Policy, Transfer Pricing, Foreign Tax Credits, International Tax, Priority Guidance Plan, Tax, U.S. Tax Treaties, Uncategorized