Deloitte Tax Rep Comments at APA Hearing
Deloitte Tax Rep Comments at APA Hearing
- AuthorsWrappe, Steven C.
- Institutional AuthorsDeloitte Tax LLP
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2005-2253
- Tax Analysts Electronic Citation2005 TNT 24-47
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
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
- AuthorsWrappe, Steven C.
- Institutional AuthorsDeloitte Tax LLP
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2005-2253
- Tax Analysts Electronic Citation2005 TNT 24-47