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Treasury OIG: Actions Are Needed to Control Risks With International Transactions Reported on Corporate Income Tax Returns

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Actions Are Needed to Control Risks With International Transactions Reported on Corporate Income Tax Returns, May 30, 2008, Reference Number: 2008-30-114

  • “The compliance risk associated with international transactions continues to grow and to present tax administration challenges as companies both small and large expand operations across international boundaries. The tax issues associated with the expansion involve significant potential tax revenues and involve complex arrangements between related companies operating in a multinational environment. Because of these and other challenges, the IRS has specifically trained specialists to evaluate the risks posed and, if necessary, examine the tax issues to ensure that companies operating in a multinational environment are reporting and paying the proper amount of taxes.”
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