US Multistate Tax Commission
Continues to explore transfer pricing
This article provides background regarding the Multistate Tax Commission's Arm's Length Adjustment Service ("ALAS") Advisory Group project, summarizes the July 28 meeting and the project timeline, and suggests additional considerations.
ALAS Advisory Group project
The Multistate Tax Commission’s Arm’s Length Adjustment Service (“ALAS”) Advisory Group—the group designated to lead the MTC’s project to develop a multistate transfer pricing service—on July 28 convened in Albuquerque, New Mexico for its second in-person meeting. Although the project is still in its development phase, a recurring theme throughout the meetings has been the need for states to secure economic experts to support transfer pricing issues on audit and during litigation.
Download the PDF to read the full article by Valerie Dickerson, Michael Paxton, and Kerwin Chung of Deloitte Tax LLP, recently published in Bloomberg BNA's "Transfer Pricing International Journal".