Transfer Pricing Dispute: Insights from Bloomberg Law on IRS and EU Privacy Laws

Bloomberg Law recently published an article featuring Justen Ghwee, director of international tax for Kaufman, Rossin & Co. The article discusses a federal appeals court ruling that allows the IRS to access data in a transfer pricing dispute, potentially conflicting with EU privacy laws.

Justen Ghwee notes, “The IRS’s victory in the discovery dispute will cause the agency to pursue similar transfer pricing cases against other major international companies, which could face similar privacy conundrums.” This underscores the tension between US tax policy and EU privacy regulations.

For multinational companies, navigating these contrasting regulations is crucial as it impacts their global operations and compliance strategies. The implications of such disputes can affect their tax benefits and international business decisions.

Read the full article in Bloomberg Law.

Want to explore how transfer pricing could affect your business? Connect with our International Tax team to learn more.