The Bloomberg BNA International Tax Blog is a forum for practitioners and Bloomberg BNA editors to share ideas, raise issues, and network with colleagues. The ideas presented here are those of individuals, and Bloomberg BNA bears no responsibility for the appropriateness or accuracy of the communications between group members.
Friday, June 3, 2011
International enforcement. The Internal Revenue Service announcement August 4 indicates it is taking the matter seriously--reorganizing its forces to add 875 to the 600 already considered part of its International program. It also is renaming the Large and Midsize Business (LMSB) division the Large Business and International (LB&I) division to emphasize this element.
The group will include a transfer pricing director to manage the new transfer pricing practice, as well as a chief economist to oversee IRS's economic positions on transfer pricing issues.
“The realigned organization will let us focus on high-risk international compliance issues and handle these cases with greater consistency and efficiency as we continue to increase our work in this area,” IRS Commissioner Shulman says.
The IRS announcement appears at:http://www.irs.gov/newsroom/article/0,,id=226284,00.html
For commentary on this and to read more about the organization as details become available, try BNA's Daily Tax Report .
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