US IRS official discusses benefits of mandatory arbitration on MAP

Nicole Welch, IRS's Large Business and International (LB&I) Division Director of Treaty and Transfer Pricing Operations, said the United States encourages jurisdictions to pursue mandatory binding arbitration to strengthen their mutual agreement procedure (MAP) programs.¹

Speaking on March 7, 2024, at a Global International Fiscal Association program in Washington DC, Welch said mandatory binding arbitration is the US tax treaty policy.² Mandatory binding arbitration is included in the 2016 U…