The Multistate Tax Commission’s Arm’s-Length Adjustment Services Advisory Group met via teleconference to continue the design of a program to analyze intercompany transfer pricing. Since they last met on March 4, the Group sent invitations to 48 states to join the program. Of the responding 21 states, 4 states indicated an interest in joining the program: Alabama, Iowa, New Jersey, and North Carolina. The states that declined generally did so because of budgetary constraints and perhaps uncertainty of the ultimate costs of the program. The Group’s goal is to present a final program design to the MTC Executive Committee when they meet in Washington, D.C., on May 7.

View the full Legal Alert.