U.S. Multistate Tax Commission Presents Draft Information Exchange Agreement

On 21 June 2016, the U.S. Multistate Tax Commission presented a draft of the Arm’s-Length Adjustment Service Committee's Exchange of Information Agreement. The agreement establishes the nature and operation of information sharing conducted through the Committee within existing state authority for the exchange of confidential taxpayer information among the signatory U.S. states. Information subject to exchange under the agreement includes, but is not limited to:

• Lists of taxpayers or potentia…