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Align Tax Deal’s Transfer Pricing Rules, Business Group Says

Feb. 23, 2022, 7:53 PM

Provisions in the Organization for Economic Cooperation and Development’s global tax agreement dealing with transfer pricing should be designed so they align and avoid double taxation, the U.S. Council for International Business said in a letter to the Treasury Department on Tuesday.

Under the 2021 global tax deal, the largest multinationals would see a portion of their profits reallocated to the market jurisdictions where they make sales—known as Amount A of Pillar One. Another part of Pillar One, known as Amount B, aims to standardize some transfer pricing—the way related company transactions are valued—to give more certainty to companies and ...