Monday, 6 February 2012

IRS will withdraw 2007 coordinated issue paper on cost sharing buy-in transactions

Speaking at a Pacific Rim Tax Institute conference on 19 January, IRS Transfer Pricing Director Samuel Maruca has announced that the IRS will withdraw its 2007 coordinated issue paper, LMSB-04-090762, (the CIP) addressing buy-in payments for intangible property made available to cost-sharing arrangements (CSAs).
Source: Ernst & Young