July 16, 2024

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Global Tax Conditions To Look at In 2021

1 min read
Global Tax Conditions To Look at In 2021
Global Tax Conditions To Look at In 2021
Regulation360 (January 3, 2021, 2:23 PM EST) — Courts will weigh in on closely viewed intercontinental tax circumstances this calendar year, together with clashes more than the Inside Income Service’s transfer pricing solutions and intangible home valuations, which the agency has utilised to reallocate billions of dollars from U.S. companies’ overseas affiliate marketers.

The IRS scored some notable wins in transfer pricing instances final yr, such as when the U.S. Tax Court dominated towards Coca-Cola in a extended-working $3.3 billion dispute, but litigation in this room is considerably from in excess of. As the new 12 months unfolds, the Tax Courtroom will hear Facebook and other main multinationals problem their tax costs in situations that collectively contact…

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