Bloomberg Tax
Dec. 18, 2020, 3:01 PMUpdated: Dec. 18, 2020, 9:07 PM

Companies Get OECD Help Fixing Cross-Border Virus Tax Issues (2)

Isabel Gottlieb
Isabel Gottlieb

Companies got long-awaited help Friday for ensuring that their pandemic-era cross-border arrangements don’t run afoul of the tax authorities.

The Organization for Economic Cooperation and Development’s guidance addresses four issues companies are currently struggling with: comparability analysis; losses and the allocation of Covid-19-specific costs; government assistance programs; and advance pricing agreements.

Companies have been asking for answers by year-end on key transfer pricing questions posed by this year’s pandemic, to help them avoid double taxation and disputes with tax authorities. Transfer pricing is how companies value their intercompany transactions.

The guidance reflects the consensus view of the 137 jurisdictions that ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.