ExxonMobil-D.C. Transfer Pricing Fight Weeks from Finish

Overview


Stephen Kranz, representing three oil companies in an administrative hearing, criticized software used by the DC tax and revenue office for corporate tax assessments, saying the software simply uses various filings to “spit out a number. There was no analysis of books and records.” M. Miller Baker added that the companies should be taxed on transactions they controlled and that resulted from activity in the District, which the assessment software does not analyze.