WILMINGTON, NC – On August 10, 2017, Henry Kopf, Revolution Law, and Chad Wouters, Earney & Company, presented a seminar on transfer pricing at the Wilmington Chamber of Commerce. The audience consisted of attendees from multi-national companies doing business in the United States and internationally. The presentation provided international companies with information on crafting transfer pricing programs to withstand scrutiny from taxing authorities.
Transfer pricing policies were established to curb companies from shifting profits to lower tax jurisdictions using related entities. In recent years, Wilmington, North Carolina has seen a rise in U.S. based companies with offices overseas and foreign companies forming U.S. headquarters. The IRS’ recent crackdown on loose transfer pricing policies of multi-national companies has forced companies of all sizes to focus on their own transfer pricing programs. Therefore, it is critical to address transfer pricing in advance of any inquiry from a taxing authority to prevent significant penalties or violations.
For more information on transfer pricing, see our article published on WRALTechWire here.