November 27, 2022

IRS Seeks To Issue More Transfer Pricing Penalties: How to Ensure Compliance

IRS officials recently announced an expected increase in the total number of penalties assessed against multi-entity corporations involved in transfer pricing. Historically, these penalties have been nominal and rarely enforced. However, with $80 billion in funding over the next decade, the IRS is looking to crack down on attempts to shift profits to low-tax jurisdictions. […]