Transfer Pricing

By Zak Kostro

The IRS didn't abuse its discretion in denying a whistleblower's bid for an award for information regarding alleged underpayments by a large multinational corporation, the U.S. Tax Court ruled Thursday, upholding the agency's determination that it had already identified the key issues for its investigation.

By Natalie Olivo

The IRS urged the U.S. Tax Court to validate regulations that Facebook parent Meta is challenging in its fight against a nearly $16 billion tax bill, arguing that the social media giant is recycling arguments the Ninth Circuit already rejected.

By Kevin Pinner

A Michigan court errantly allowed pharmaceutical giant Perrigo to avoid taxes on $212 million in profits by assigning a lucrative contract to a shell company that played no economic role in fulfilling its terms, the government told the Sixth Circuit.

By Kevin Pinner

The Netherlands is looking at amending its policy on negotiating tax treaties so that it could offer all developing countries the ability to levy taxes on payments for all types of services even when the services aren't performed in the treaty partner's jurisdiction, according to a consultation.

By Kevin Pinner

South Korea is investigating about 1 trillion won ($743 million) in suspected tax evasion by 41 companies primarily in the food sector as well as transfer pricing by online platform operators, the National Tax Service said Monday.

By Josh White

An advisory commission issued an opinion saying Danish multinational Ørsted should pay taxes primarily in the U.K. rather than Denmark on two offshore wind farms based in British territory, according to a company statement.