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This week in tax: US Senate deal secures minimum tax rate

This week the US Senate reached a historic compromise to secure a corporate minimum tax rate, while the UK is facing tax cuts no matter who succeeds Prime Minister Boris Johnson. ....

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New Jersey Companies Urged To Join Transfer Pricing Initiative

New Jersey Division of Taxation announced voluntary transfer pricing initiative from June 15 through March 2, 2023. Division says initiative targets toward companies with intercompany transactions that would be subject to transfer pricing adjustment. ....

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"Voluntary" in Name Only? New Jersey Introduces Transfer Pricing Initiative | McDermott Will & Emery

The New Jersey Division of Taxation (Division) has announced a “voluntary” transfer pricing initiative beginning June 15, 2022, and continuing through March 2, 2023. According to the. ....

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United States: The Multistate Tax Commission is primed to revamp its Multistate Transfer Pricing Collaboration and Enforcement Initiatives

Global Compliance News
June 9, 2021
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The Multistate Tax Commission (MTC) is set to revamp its transfer pricing collaboration and enforcement initiatives following the first public meeting of its State Intercompany Transactions Advisory Service (SITAS) Committee in over four years. At the end of last year, the SITAS Committee appointed its new Chair- Krystal Bolton, who is also an assistant director at the Louisiana Department of Revenue’s field audit income tax division. On 23 March, Ms. Bolton hosted representatives from state revenue agencies, practitioners, taxpayers, and other members of the public in a virtual conference to overview the history of the SITAS Committee and to present the results of a multistate survey regarding intercompany transactions and transfer pricing. ....

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