Episode 31: A new approach to International Tax Compliance: A Closer Look at ICAP with the IRS

In a special guest episode of the #EY Transfer Pricing Roundup, EY US host Jonathan Thompson, EY US Partner Donna McComber and EY UK Partner Astrid Vroom are joined by the Senior Advisor of Transfer Pricing at Large Business and International (#LB&I) at the Internal Revenue Service (IRS), Karen Kirwan in a comprehensive exploration of the International Compliance Assurance Program (#ICAP). ICAP, a collaborative initiative between multiple tax authorities, aims to enhance tax compliance and certainty in the international tax arena. Our panel unpack the intricacies of ICAP, discussing its framework, benefits and challenges and discuss the IRS's initial experience of the program.