Clinton Admin. Steps Up Enforcement Resources While Mex. Finance Minister Starts Transfer Pricing Audits

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Monday, February 1, 1993
Author: 
Volume: 
9
Issue: 
2
75
Abstract: 
As the new year unravels, international tax enforcement will receive more attention and resources. The Clinton Administration, which used a $45 billion revenue figure during the campaign for its transfer pricing compliance initiative, has proposed in its budget an additional $38 million over the next 10 years for more IRS agents to double the audit rates on foreign firms’ U.S. subsidiaries. The new transfer pricing compliance initiative in the proposed budget is estimated to raise $3.8 billion in new revenues in 1993-98…[more]