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Lack of OECD Rules Leaves Companies Struggling With Filings (1)

Oct. 2, 2020, 5:47 PMUpdated: Oct. 2, 2020, 6:39 PM

Companies are struggling with their quarterly financial filings in the absence of OECD guidance on pandemic-related issues.

U.S. government officials and the Organization for Economic Cooperation and Development are working to provide guidance and bolster internal administrative capacity to help taxpayers.

  • The OECD is working on completing coordinated guidance on allocation issues, benchmark comparables for this fiscal year and likely future fiscal years, allocation of loss, and the impact on advance pricing agreements.
  • The organization aims to complete those top four priority projects by the end of the year, Stewart Brant, head of the transfer pricing ...