Congressional transfer pricing hearing affirms arm’s-length standard
July 28, 2010
The House Ways and Means Committee’s hearing on transfer pricing issues revealed concern over US corporations’ ability to remain competitive internationally but did not disturb the general consensus around the arm’s-length standard.
The July 23 hearing provoked criticisms over the US international tax regime that ranged from disagreement with the application of the arm’s length standard to the country’s high corporate tax rate.
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