State and Local Tax Alert - June 2014
The Multistate Tax Commission (“MTC”) is taking steps to develop a transfer pricing audit program. State tax officials recently met on June 2, 2014, in St. Louis to discuss the design of the MTC transfer pricing program. The initial draft of the program is expected to be presented at the MTC Executive Committee meeting in December 2014, with the finalized plan to be submitted for ratification during the MTC Executive Committee annual meeting in July 2015. If ratified, implementation should begin thereafter.