IRS triumphs in transfer pricing dispute

by Judith Tydd

01 Jun 2009

  • Comments

Xilinx has lost a court ruling in a transfer pricing dispute against the Internal Revenue Service (IRS).

The US Court of Appeals reversed an earlier Tax Court hearing from 2005 involving the companies Irish subsidiary, Xilinx Ireland, and the allocation of research and development costs, according to

At the time, the court had agreed with Xilinx, but the IRS has now successfully appealed the ruling in a 2-1 decision.

The multinational does not expect the ruling to have any material impact on its future earnings. It is unclear how much money Xilinx is now liable to pay the IRS.

Further Reading:

Dixons contravenes transfer pricing rules

Arbitration not litigation will solve transfer pricing wrangles

Visitor comments

blog comments powered by Disqus

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

  • Send

Charterhouse Accountants

Finance Officer

Charterhouse Accountants, Beaconsfield, Permanent, Full Time, £ Competitive




Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials


Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you



Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.


iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.