Transfer Pricing Rules Land on Business Deregulation Hit Lists

Business groups are taking their shot at transfer pricing rules they call invalid and bad for business, looking to the Trump administration’s deregulation drive for relief.

Many objections to the rules have been, or will be, hashed out in court, but President Donald Trump’s rare invitation to submit lists of items for removal or change may be an expedited way for taxpayers to get what they want.

Businesses and their advisers are “seizing the moment,” Greenberg Traurig LLP shareholder Sharon Katz-Pearlman said. “The door has been opened for raising concerns.”

Because transfer pricing involves valuation of transactions between affiliated companies, ...