House Ways and Means Announces July 22 Hearing on Transfer Pricing Issues
On July 22, 2010, the House Ways and Means Committee will hold a hearing on Transfer Pricing Issues. According to the Committee, the transfer pricing rules have been updated and modified many times over the last decade, yet still foster…
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controversy. Pursuant to these concerns, the Committee requested that the Joint Committee on Taxation (JCT) study and report back on the issue of income shifting and transfer pricing. As part of background material for the hearing, the JCT will provide a summary of ongoing work, containing a discussion of the issues as well as case studies, which will be a focus of this hearing.