Moving IP to US Encounters a Problem: Transfer Pricing Report

Hello and welcome to the Transfer Pricing Report. I’m Caleb Harshberger, and this week I swung by PLI to hear the latest on companies’ recent efforts to shift IP back to the US and why you’d rather have the IRS looking into your tax positions than the Italians. Plus, Pepsi loses in Illinois. And tariff refunds — if they materialize — will pose tough transfer pricing questions for companies.

Tax pros in northern Virginia Wednesday said companies are raring to go on bringing IP assets back to the US following ratification of the revised global minimum tax system and expanded ...