US Backs Simpler Transfer Pricing Reform in Global Tax Deal

The US reiterated its preference Tuesday for what it says is an easier method for determining which transactions will be affected by new streamlined global transfer pricing rules.

The Treasury Department has been advocating for the adoption of “Alternative A” within the Organization for Economic Development and Cooperation’s negotiations over the scoping of the new transfer pricing rules known as Amount B, said Bill Morgan, financial economist at the department on Tuesday.

“The whole idea here is that Amount B is a simplification and we don’t think that can be achieved by introducing new concepts,” Morgan told a panel ...