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Simple English definitions for legal terms

unilateral advance pricing agreement

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A quick definition of unilateral advance pricing agreement:

A unilateral advance pricing agreement is a binding arrangement between a multinational company and one national tax authority. 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. However, 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.

A more thorough explanation:

A unilateral advance pricing agreement (APA) is a binding arrangement made between a multinational company and one national tax authority. The purpose of the agreement is to determine the method the company will use to calculate transfer prices, which can help reduce or eliminate double taxation.

For example, if a US-based company has a subsidiary in France, the US company may enter into a unilateral APA with the French tax authority to determine how transfer prices will be calculated between the two entities. This can help avoid double taxation on the same income in both countries.

It's important to note that a unilateral APA does not necessarily allow a company to avoid double taxation altogether. If another tax authority is not a party to the agreement, they are not bound by the transfer-pricing method specified in the agreement.

unilateral act | unilateral mistake

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i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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