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Indiana Nixes Advance Pricing Tax Agreements With Other States

Aug. 11, 2021, 5:52 PM

Indiana no longer intends to forge agreements with other states under its one-of-a-kind program that crafts special tax pacts with multistate companies governing their strategies for valuing transactions between affiliated businesses.

Advance pricing agreements reached between business taxpayers and the Indiana Department of Revenue won’t apply beyond the Hoosier State, and Indiana won’t share confidential taxpayer information with other states, the department said in a statement responding to questions. Bilateral agreements are unrealistic because of the “inherent complexity of APAs” and fundamental statutory and tax administration differences across the states, the department said.

The statement contrasts with comments by an ...

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