Corporation Tax - Transfer Pricing

Transfer Pricing

A key issue in corporate tax is the setting of prices charged by related parties for goods, services, or the use of property. Many jurisdictions have guidelines on such prices which allow tax authorities to adjust prices charged. Such adjustments may apply in both an international and a domestic context. See Transfer pricing.

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Famous quotes containing the word transfer:

    No sociologist ... should think himself too good, even in his old age, to make tens of thousands of quite trivial computations in his head and perhaps for months at a time. One cannot with impunity try to transfer this task entirely to mechanical assistants if one wishes to figure something, even though the final result is often small indeed.
    Max Weber (1864–1920)