Transfer Pricing in International Business

Summary

There is certainly much to consider when it comes to determining transfer prices. What’s more, it does sound rather complicated and the product of many different calculations. Fortunately, thanks to the advancements in technology, it is not as difficult as it sounds. The hard part is designing a transfer pricing model best suited to your organization. Once completed, you will then need to know what data are required to properly implement the model. If you look, I’m sure you’ll find that much of the input data are readily available in your organization but not in one place. Getting it there is the first task we need to set ourselves if we want to have a transparent and verifiable transfer pricing system. The next task is to actually build ...