2:15 – 3:15 PM
Many states, especially those that do not use combined reporting, are increasingly turning to transfer pricing adjustments to combat what they consider to be impermissible, or at least questionable, profit shifting between related entities. This seminar will explore the state transfer pricing issues faced by multistate taxpayers, including audit approaches taken by Departments of Revenue and potential taxpayer defenses.
Attendees will learn:
- How state Departments of Revenue utilize their transfer pricing authority
- How taxpayers can defend themselves against transfer pricing adjustments
- How to identify the common issues that arise in a state transfer pricing audit
- What role the Multistate Tax Commission plays in state transfer pricing developments