Monday, 16 January 2017

Performance audit of IRS concludes transfer pricing issues not being properly evaluated

The Treasury Inspector General for Tax Administration (TIGTA) in a final report issued November 3 concluded that transfer pricing issues are not being properly evaluated by the Internal Revenue Service because of various procedural barriers at the agency.
TIGTA’s report was written at the conclusion of a performance audit conducted for the 2012-2014 calendar years. As discussed below, TIGTA has made seven recommendations to improve the IRS’s evaluation of transfer pricing issues.
The IRS agrees with some but not all of the recommendations and will implement various changes accordingly.
Source & more info: Deloitte