Transfer Pricing

By Jack McLoone

Multinational power company Eaton Corp. asked an Ohio district court to allow it to redact information related to employees' sexual orientation and religious beliefs before the court's Sixth Circuit-ordered review of their records, saying such information isn't relevant to its transfer pricing dispute.

By Anna Scott Farrell

The Sixth Circuit granted a request by multinational power company Eaton Corp. to order a lower court to review in chambers sensitive performance evaluations in its transfer pricing case challenging an Internal Revenue Service summons for its European employee records.

By Jack McLoone

India's Central Board of Direct Taxes blew past its previous record of advance pricing agreements signed in a single fiscal year, completing 174 agreements in 2024-25 compared with the last high mark of 125 a year prior, it said Monday.

By Natalie Olivo

The Internal Revenue Service finalized slightly fewer advance pricing agreements for U.S. multinational corporations in 2024 following a record high in the previous year, according to an agency report released Thursday.

By Kevin Pinner

Pharmaceutical giant Pfizer had no taxable profits in its largest market, the U.S., after booking all its income in jurisdictions including Puerto Rico, Singapore and Ireland, according to a Senate Finance Committee report prepared by panel Democrats that was released Thursday.

By Natalie Olivo

Three major accounting firms have asked the Eleventh Circuit to reverse a U.S. Tax Court decision affirming the IRS' change to Coca-Cola's intercompany pricing, which led to a $2.7 billion tax bill, arguing the agency's conduct was unsupported and unjustified.