Transfer Pricing Report

OECD Should Seek Formulas in Digital Tax Work, J&J Official Says

April 11, 2019, 11:52 PM

The OECD’s digital tax solution should adopt a formulaic approach to allocating profits so it doesn’t lead to more disputes for companies, a Johnson and Johnson tax official said.

A solution that’s “not disputable” is important to the company, Katherine Amos, vice president of global transfer pricing and tax disputes at Johnson & Johnson, said April 11 at an American Bar Association event in Washington.

The Organization for Economic Cooperation and Development is working to find a solution by the end of 2020 that reaches consensus among 129 countries. The work has been spurred by some countries’ concerns that multinationals,...

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