The US keeps strict transfer pricing policy, but eases the rules just a bit
The US taxman has introduced less 'draconian' transfer pricing rules for multinationals, but has not removed all restrictions, say advisers.
The Internal Revenue Service and US Treasury have eased rules around cost sharing arrangements that provide extra flexibility in transfer pricing schemes, which apply to companies and their foreign partners that share in the cost of developing intanginble property.
The new rules relax how these properties are valued.
'They're not draconian now, but they are still very restrictive,' Ernst & Young director of transfer pricing controversy services David Canale told WebCPA.
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