Treasury Aims for Global Transfer Pricing Guidance by Year’s End

The Treasury Department intends to release guidance soon related to the transfer pricing framework under the OECD’s global tax deal.

The department aims to put out a notice by the end of the year giving more guidance on the framework, known as Amount B, and how it interacts with US transfer pricing rules, according to Scott Levine, acting deputy assistant secretary at Treasury. He spoke Thursday at a Practising Law Institute conference in New York.

Amount B is part of Pillar One of the tax deal agreed to by more than 140 countries in 2021. It is the main sticking ...