Multinationals Should Consider Adding ‘Competent Authority Processes’ to Their Tax Strategies

Takeaways – Transfer pricing uncertainly has greater with U.S. tax reforms and an OECD proposal setting up a new method to identifying the jurisdiction the place income is acknowledged. The “competent authority processes” created by standard tax treaties offer value-helpful approaches to solve tax disputes and approach for the upcoming. A person technique (MAP) will allow taxpayers to initiate negotiations among the various jurisdictions to solve transfer pricing and double taxation difficulties. As a result of yet another…
By: Skadden, Arps, Slate, Meagher & Flom LLP