New IRS unit will refresh focus on transfer pricing
September 22, 2010
The realigned Large and Medium Sized Business (LMSB) division at the IRS will “leverage the international expertise” at the agency to create a specialised group with service-wide responsibility for the IRS’s international programme, say government officials.
Last month the IRS announced that LMSB will be renamed the Large Business and International (LB&I) division on October 1 and will be reorganised to enhance the IRS’s focus on international tax compliance.
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