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Simple English definitions for legal terms

multilateral advance pricing agreement

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A quick definition of multilateral advance pricing agreement:

A multilateral advance pricing agreement is a binding arrangement made between a multinational company and one or more national tax authorities. The purpose of this agreement is to determine the method the company will use to calculate transfer prices, which helps to reduce or eliminate double taxation. This agreement can involve multiple tax authorities, and it is different from a bilateral or unilateral advance pricing agreement, which involves only two or one tax authorities respectively. However, it is important to note that a tax authority that is not a party to the agreement is not bound by the transfer-pricing method specified in the agreement.

A more thorough explanation:

A multilateral advance pricing agreement is a binding arrangement made between a multinational company and two or more national tax authorities. The purpose of this agreement is to determine the method that the company will use to calculate transfer prices, with the goal of reducing or eliminating double taxation.

For example, if a company operates in multiple countries and sells goods or services between its subsidiaries, it may be subject to taxation in each country. Without an advance pricing agreement, each country may use a different method to calculate the transfer prices, resulting in double taxation for the company. By entering into a multilateral advance pricing agreement, the company can agree on a consistent transfer pricing method with all relevant tax authorities, reducing the risk of double taxation.

It's important to note that a tax authority that is not a party to the agreement is not bound by the transfer pricing method specified in the agreement. Additionally, there are other types of advance pricing agreements, including bilateral and unilateral agreements.

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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