Australia APAs, Microsemi Trial Canceled: Transfer Pricing Report

Hello and welcome to the Transfer Pricing Report. I’m Caleb Harshberger, and this week we’re taking a look at the recent data dump on Australian advance pricing agreements—which are down. Also! Fans of transfer pricing trials may be disappointed to hear that Microsemi and the IRS are nearing a settlement, and next week’s trial in San Francisco is off.

The Australian Taxation Office is tracking fewer APAs and taking a bit longer to get them done as it focuses on more complex and bilateral agreements, and taxpayers worry about the heavy scrutiny involved in getting an APA Down Under.

New ...