Multinational conglomerate 3M urged the Eighth Circuit to reverse a U.S. Tax Court decision upholding regulations that the IRS had used to disregard Brazilian legal restrictions when allocating the company’s income, contending that the rules contravene an underlying transfer pricing statute.
IRS Used Invalid Regs To Allocate 3M’s Income, 8th Circ. Told
by usoftax_admin | Feb 8, 2024 | Tax News