Global Tax Upheaval Stalls Adoption of New Transfer Pricing Plan

The US and business groups are making a big push for global adoption of a simplified framework for transfer pricing—but without much success so far, as countries grapple with an uncertain and chaotic international tax landscape.

The framework, known as Amount B, aims to simplify the way companies value certain intercompany transactions of tangible goods, and was devised at the Organization for Economic Cooperation and Development as part of the global tax deal to help under-resourced tax administrations collect revenue from these transactions.

But developing nations have more pressing matters eating up finite resources, including rolling out global minimum-tax legislation ...