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Deloitte Tax Rep Comments at APA Hearing

FEB. 1, 2005

Deloitte Tax Rep Comments at APA Hearing

DATED FEB. 1, 2005
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Internal Revenue Service

 

Advance Pricing Agreement Program Hearings

 

 

February 1, 2005 Session

 

 

Comments of Steven Wrappe

 

 

APA Program Accessibility
  • Keep up APA staff "outreach" training

 

Timeliness and Efficiency
  • More staff

  • More travel budget

  • Joint site visits

  • Right-sized renewals

  • Consider geographic specialization of APA team leaders

  • Improve coordination with Competent Authority

    • coordinate APA/CA schedule

    • pre-schedule CA to CA discussions

Particular Industries
  • Prefer cross-industry focus on specific tested party scenarios (e.g., distributor with operating margin PLI)

 

Sound Tax Administration
  • Release "policies" (e.g., 5-yr vs. 3-yr comparable data)

  • Release industry experience (e.g., Announcement 94-40)

  • Use of range, rather than "Floor/Ceiling"

 

Expand SBT APA
  • Expand small transaction exception to $100 million

  • Give responsibility within APA office to dedicated person/group

  • More standardized practices

    • submission structure

    • standardize time frame

    • create expectations of 1 meeting, 2 sets of questions

    • use substantive pre-filing to set expectations

  • Experiment with bilateral SBT APAs

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