A tax group representing multinational tech companies urged the Eighth Circuit to overturn a U.S. Tax Court ruling that found 3M Co. owed taxes stemming from an additional $23 million in income reallocated from its Brazilian affiliate, saying the decision wrongly upheld transfer pricing regulations that were improperly enacted.
Tech Group Backs 3M In 8th Circ. Transfer Pricing Appeal
by usoftax_admin | Feb 14, 2024 | Tax News