Regulation360 (January 3, 2021, 2:23 PM EST) — Courts will weigh in on closely watched intercontinental tax situations this year, such as clashes in excess of the Inside Earnings Service’s transfer pricing procedures and intangible assets valuations, which the company has used to reallocate billions of pounds from U.S. companies’ international affiliate marketers.
The IRS scored some notable wins in transfer pricing conditions previous year, which includes when the U.S. Tax Court dominated from Coca-Cola in a extended-functioning $3.3 billion dispute, but litigation in this house is significantly from more than. As the new yr unfolds, the Tax Courtroom will listen to Facebook and other big multinationals problem their tax payments in cases that collectively touch…
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