When Precision Is The Master And Administrability Is The Servant: Tradeoffs In Tax Systems

When Precision Is The Master And Administrability Is The Servant: Tradeoffs In Tax Systems

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Public and private organizations often implement labor-intensive policies and procedures to govern interactions between related parties. These compliance requirements frequently sacrifice administrability in favor of precision.
Let’s say that the finance director of a U.S.-based multinational’s foreign distributor needs to lower the transfer prices on its intercompany inventory imports. The…

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