To explore experiences with APAs, KPMG International surveyed tax directors (or their equivalents) from 25 multinational companies in seven countries.
An executive summary of the most important findings and insights arising from the survey.
Benefits and drawbacks
Negotiating an APA may consume a lot of time and resources, but most survey respondents felt that the benefits outweigh the costs.
When to pursue an APA
The size, novelty and complexity of a company’s transactions often drive the decision to seek an APA.
Most respondents expect taxpayer demand for APAs to increase. To keep up with rising volumes, tax authorities should consider adopting streamlined, expedited APA processes.