Tariff Refunds Would Present Tax, Transfer Pricing Issues (1)

The Supreme Court’s decision to nullify a large swath of the Trump administration’s tariffs cleared the way for companies to seek refunds of tariffs already paid, which could come with a slew of transfer pricing issues for them to navigate.

Refunds would stick tax and finance departments with tough questions about where the money will go and how to distribute it without rupturing important business relationships or running afoul of tax and transfer pricing rules.

But first they would have to get the money, and Friday’s decision didn’t provide clarity on how that may go.

“The Court says nothing today ...