Match the definition with the correct term.
-Treasury powers over transfer pricing.

Question

Quizplus · Accepted Answer

Section 482 of the Internal Revenue Code grants the U.S. Treasury the authority to adjust income, deductions, credits, or allowances between related entities to prevent evasion of taxes or to clearly reflect income. This is directly related to transfer pricing, which involves the pricing of goods, services, and intangible property between related entities.

Match the Definition with the Correct Term