The U.S. IRS has published the annual Announcement and Report Concerning Advance Pricing Agreements for the 2016 year. The report provides an overview of the Advance Pricing and Mutual Agreement (APMA) Program and various statistics on APA applications filed, APAs executed, APAs renewed, and APAs revoked. The report also provides a general description of the APAs executed in 2016, including information on the relationships between the controlled parties, the transaction types covered, the tr…