As we have argued in our previous articles, as the world has globalized and commerce crosses borders more frequently, the current US corporate income tax code is not only obsolete it is suicidal. The time for change is overdue. But what change will we find under President-Elect Trump?
Transfer pricing is one of the most important issues in international taxation.
Over the past year there has been increasing political chatter about tax reform, a topic long
overdue and reaching crisis level.
It may come as an unpleasant surprise to some readers to discover the Internal Revenue Service (“IRS”) has been using tax audits as cover for criminal investigations, which can directly relate to the tax issues or to some other federal matter.
As economies globalize and more knowledge is being shared, institutions of higher education have had to globalize their learning and research programs as well, and they are learning, sometimes the hard way, that the rules they are so very familiar with in the U.S. do not apply outside of our borders.
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