More formal, rigorous, and perhaps more frequent, state transfer pricing audits appear to be looming on the horizon, as the Multistate Tax Commission (MTC) is set to launch a design and development project tasked with presenting a preliminary draft program by year’s end, with a final program recommendation due by the MTC’s annual meeting in July 2015. The intent would be to create a dedicated MTC program, including staff, that would assist, as well as train, member states (both combined and separate reporting states) in conducting state transfer pricing audits as an alternative to hiring contracted consultants.
MTC State Transfer Pricing Program Looms on the Horizon
By McDermott Will & Emery and Stephen P. Kranz on April 7, 2014
Posted In Nationwide Importance, Transfer Pricing
