US fashion companies owned by foreign parent companies routinely encounter transfer pricing issues. In order to comply with the Internal Revenue Service and avoid potential audits, they have to ask, “What is the price that a US tax payer subsidiary should be paying its foreign related entity for a good or service?”
In this episode of Fashion Counsel, partner Anthony Lupo talks with Tax partner,Robert G. Honigman, about how fashion companies can determine the correct value of a product or service for transfer pricing, while complying with US tax laws.
To watch the interview, click on the link below.
Click here to view the video.