IRS Issues New Roadmap for Transfer Pricing Examinations

On June 29, 2018, the Internal Revenue Service (“IRS”) released Publication 5300 (06‑2018), Transfer Pricing Examination Process (“TPEP”), a 37-page document intended to guide IRS agents in the planning, execution and resolution of transfer pricing examinations (“TP Audits”).

Ben Miller Profiled in Netherlands American Chamber of Commerce

The Netherlands American Chamber of Commerce recently featured Ben Miller, Partner and leader of the firm’s Transfer Pricing practice, for their February Member Spotlight. Ben shared insight into Bennett Thrasher’s international practice and how the firm’s unique culture makes it different from competitors.

BT Promotes ‘Tigger Marshall’, Jennings Pitts to Partner

Bennett Thrasher LLP, one of the largest full-service public accounting and consulting firms in the country, has promoted to partner: Townsell G. “Tigger” Marshall III, in the Personal Financial Services practice, and Jennings P. Pitts, in the Corporate Tax practice. The firm now has 38 partners.

MAP – The Tool You Need to Navigate Business Risk in the Global Economy

News stories exposing many large multinational enterprises (“MNEs”) like Apple, Starbucks, Google, etc. for utilizing tax avoidance schemes are motivating governments and tax authorities around the world to quickly ramp up enforcement of tax rules intended to mitigate the ability for MNEs to implement such schemes.

United Nations Issues 2017 Transfer Pricing Manual

On April 7, 2017, the United Nations issued a revised version of transfer pricing manual that improves the alignment of the UN’s standards for transfer pricing with those offered by the OECD. Key updates related to value chain analysis and pricing controlled transactions involving services or intangible property

Passive Foreign Investment Companies

Passive Foreign Investment Companies – (PFICs)
A primer on what they are, how they are taxed and how to minimize the U.S. tax consequences of ownership.

New Tax Return Filing Deadlines for the 2017 Filing Season

It is that time of year again for taxpayers to begin organizing their financial and tax information to collaborate with their tax advisers in light of the approaching tax filing season. Taxpayers should be aware of the new due dates to ensure information is provided timely so that their tax returns are filed on time or appropriate extension requests granted.

Tax Efficiency in the Global Marketplace

Expansion into foreign markets is generally motivated by the perception that increased access to customers, vendors, natural resources, etc. will lead to increased shareholder returns.

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