Partner Bart Bassett spoke with Bloomberg Tax about the new IRS guidance on how to apply the Organization for Economic Cooperation and Development’s (OECD’s) Amount B, a framework created to simplify the way that businesses value marketing and distribution transactions of tangible goods between related companies.
Bart highlighted how the new guidance’s broad flexibility and optionality would benefit companies, allowing businesses to assess whether the Amount B framework suits their specific marketing and distribution operations given the framework may not always align with the unique needs and operational considerations of each company.
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