Transfer Pricing

By David van den Berg

Three senators pressed KPMG's CEO on allegations the company helped Microsoft skirt nearly $29 billion in taxes by illegally allocating profits to a Puerto Rico subsidiary and demanded additional information on KPMG's role in the arrangement.

By Jack McLoone

The OECD and 16 West African nations have collaborated on three so-called community tax instruments to help the region fight base erosion and profit shifting in hope of improving their local economies, according to a report released Wednesday.

By Paul Williams

The U.S. Supreme Court's declining to hear an energy company's claims that Michigan unconstitutionally taxed gain generated from the sale of an out-of-state business highlights open questions about when alternative apportionment should be used to tax income from multistate entities.

By Todd Buell

The European Union doesn't intend to speak for member countries in international discussions about transfer pricing standards, a European Commission official said Wednesday, discussing a new draft law.

By Kevin Pinner

Results presented Tuesday on a multilateral program to resolve transfer pricing issues show it is a viable option for companies, especially as a first step toward tax certainty, an IRS transfer pricing official said.

By Dylan Moroses

The Internal Revenue Service is sending letters to large U.S. partnerships, flagging possible tax reporting issues amounting to millions of dollars, the commissioner of the agency's Large Business and International division said Wednesday.