At its Fall Meeting in Nashville, Tennessee on December 11-12, the MTC’s Executive Committee voted to formally contact states to solidify whether there is sufficient financial commitment to fund any potential MTC transfer pricing program. The MTC also formally announced that Iowa, Pennsylvania and Rhode Island will join the MTC audit program. Additionally, the MTC’s Uniformity Committee voted to use the Massachusetts draft market sourcing regulations as its starting point for the MTC’s own model regulations and worked on its “Engaged in Business” Model Statute.

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