March 28, 2024

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Intercontinental Tax Instances To View In 2021

1 min read
Law360 (January 3, 2021, 2:23 PM EST) — Courts will weigh in on closely viewed international tax instances this year, together with clashes around the Inside Earnings Service’s transfer pricing techniques and intangible property valuations, which the company has utilized to reallocate billions of pounds from U.S. companies’ international affiliate marketers.

The IRS scored some noteworthy wins in transfer pricing cases very last 12 months, such as when the U.S. Tax Court docket ruled in opposition to Coca-Cola in a extended-operating $3.3 billion dispute, but litigation in this place is significantly from over. As the new year unfolds, the Tax Courtroom will hear Fb and other main multinationals obstacle their tax expenditures in circumstances that collectively contact…

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