Executive summary

The United States (US) Internal Revenue Service (IRS) Advance Pricing and Mutual Agreement (APMA) Program issued the 23rd annual Advance Pricing Agreement (APA) report (the Report) on 22 March 2022, in Announcement 2022-7. The Report discusses APMA, including its activities and structure for calendar year 2021, and gives useful insights into the operation of the APA Program.

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