By Eleanor Butler

A business advisory group to the Organization for Economic Cooperation and Development has asked for clearer transfer pricing guidelines from the group to determine how intragroup payments should be priced and documented, in a letter made public Wednesday.

By Natalie Olivo

The U.S. Tax Court signed off Tuesday on 3M Co. and the IRS' conclusion that the company overpaid its taxes by about $5.2 million, which the parties calculated after the Eighth Circuit rejected the agency's allocation of overseas income.

By Molly Moses

The OECD plans to publish at the end of August the comments it received on draft revisions to transfer pricing guidelines dealing with intragroup services, an official said at a conference Thursday.

By Kat Lucero

The Internal Revenue Service appropriately denied a whistleblower award to an individual alleging that a company underpaid taxes by not following transfer pricing regulations, the U.S. government told the D.C. Circuit, saying the information did not contribute to an audit of the company.

By Molly Moses

Companies borrowing from their affiliates need to establish that they are doing so on an arm's-length basis, an Internal Revenue Service official said Wednesday, defending the agency's position in current litigation against Eaton Corp. at a conference in Washington, D.C.

By Josh White

The U.K. government said Friday that there is no change in tariffs following the U.S. administration's decision this week to impose widespread duties after the expiration of a temporary global duty regime, as the trade deal allowing 10% tariffs between the two countries still holds.