Thought Leadership Filter

Thought Leadership

Skechers Transfer Pricing Lacked Economic Substance

Skechers Transfer Pricing Lacked Economic Substance

Skechers was found to owe more than $1 million in taxes after losing a transfer pricing dispute that involved a royalty expense taken as a tax deduction for purposes of Wisconsin’s corporate franchise tax. The Wisconsin Tax Appeals Commission ruled in February 2023 that the company did not…

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Increased IRS Funding Could Bring More Transfer Pricing Audits

Increased IRS Funding Could Bring More Transfer Pricing Audits

The increase in Internal Revenue Service (IRS) funding and the Biden administration’s goal to increase audits of high-income earners and large corporations could bring additional scrutiny to transfer pricing. The Biden administration has outlined a policy to narrow the “tax gap,” which is the…

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Podcast: The Global Minimum Tax Explained

Podcast: The Global Minimum Tax Explained

The Organization for Economic Cooperation and Development Looks to Create an Agreement for the Global Economy

Key Points:

The Organization for Economic Cooperation and Development (OECD) looks to certain measures, including a global minimum tax…

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Biden Introduces Proposed Tax Changes Along with Infrastructure Bill

Biden Introduces Proposed Tax Changes Along with Infrastructure Bill

On March 31, 2021, President Joe Biden released his $2 trillion American Jobs Plan, which includes a variety of infrastructure spending proposals accompanied by significant corporate tax increases. The administration states that the corporate tax changes, known as the Made in America Tax Plan,…

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