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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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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
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.
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