Section 482

Section 482

Section 482 means:
the part of the Internal Revenue Code that gives the U.S. Internal Revenue Service (IRS) the power or capacity to distribute, apportion, or allocate gross income, deductions, credits, or allowances in order to prevent evasion of taxes or to clearly reflect income (often between controlled taxpayers); in short, a United States transfer pricing rule provision.

SECTION 482 WHITE PAPER in the U.S. Tax Meaning

Study of intercompany pricing transactions made by the Office of International Tax Counsel at the US Treasury Department which presented a new methodology to govern transactions involving the sale, licensing or transfer of intangible property, published in 1988.

See Offshore Bank in the American Encyclopedia and Offshore Bank in the World Encyclopedia.

See Tax Evasion in the U.S. Encyclopedia of Law and Tax Evasion in the World Encyclopedia of Law.

See Transfer Pricing in the United States Encyclopedia of Law and Transfer Pricing in the International Encyclopedia of Law.


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