Eaton, IRS tangle over cross-border pricing pacts
Eaton, IRS tangle over cross-border pricing pacts
WASHINGTON (Reuters) - Eaton Corp is challenging the Internal Revenue Service in U.S. Tax Court, arguing that the agency broke agreements dealing with how the company moves assets and money across international borders, a volatile issue in the tax world. Eaton is contesting a $75 million tax bill that the IRS imposed on the company in a case that could have broad impact on other companies "transfer pricing" practices, the industry term for shifting assets across borders to reduce taxes. ...
//news.yahoo.com/eaton-irs-tangle-over-cross-border-pricing-pacts-163357715--sector.html
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