Rocco Femia Quoted Regarding the Transfer Pricing Aspects of Intangibles in Tax Notes Today

"Treasury Official Talks Transfer Pricing Troubles, Explains OECD Intangibles Reasoning"
Tax Notes Today
09.21.12Rocco Femia is quoted on the OECD’s discussion draft regarding transfer pricing and intangibles, as well as the possibility of a U.S. legislative action in the area. Regarding current international tax reform discussions, Femia said that "there is a view in Washington that to the extent there are changes in this area, there will be a legislative change to address base erosion because it's such a prevalent issue," adding, "there's a lack of confidence by policymakers in either the arm's-length standard conceptually or the ability of Internal Revenue Service to administer or enforce the arm's-length standard."
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