Overview
OECD Seeks Comments on Transfer Pricing Guidelines: Today, the OECD announced that it is considering revising guidance on the chapters “Administrative Approaches to Avoiding and Resolving Transfer Pricing Disputes” and “Special Considerations for Intra-Group Services” of the Transfer Pricing Guidelines. The OECD is inviting the public to submit comments no later than June 20, 2018.
Miscellaneous Guidance: Today, the IRS issued Revenue Procedure 2018-31, which provides an updated list of automatic changes to which the automatic change procedures in Rev. Proc. 2015-13, as clarified and modified by Rev. Proc. 2015-33, Rev. Proc. 2016-1, and Rev. Proc. 2017-59, apply.