Today, the Arm's-Length Adjustment Service Committee
("ALAS Committee") of the Multistate Tax Commission met
via teleconference to move forward with its transfer-pricing
program. The ALAS Committee is targeting a fall 2016 in-person
meeting (i) to provide training sessions to states, as well as (ii)
to have discussions regarding specific taxpayer transfer pricing
issues. The following states participated in today's conference
call: Alabama, New Jersey, North Carolina, and
Pennsylvania.
Background on ALAS
The ALAS program can be traced to the 2013 MTC Executive
Committee meeting in Washington, D.C. At the suggestion of Michael
Bryan, the former, and at that time, director of the New Jersey
Division of Taxation, the MTC began to explore member demand for a
comprehensive transfer pricing service. In the wake of an increased
interest in a transfer pricing service offered by the MTC, the
Arm's-Length Advisory Group (the "Group") was formed
in June 2014 and frequently
