Internal Auditing, 23(1): 12-19. 2008
15 Pages Posted: 22 Apr 2008 Last revised: 6 May 2014
Date Written: 2008
Internal auditors play key roles in multinational corporations, including assessing effectiveness of business operations. Internal auditors can help evaluate effectiveness of corporate policies regarding international transfer pricing. International transfer pricing is a major issue for multinational corporations, as transfer pricing is a key element in corporate taxation strategies. This article explains basic issues of transfer pricing, illustrates how multinational corporations can benefit from effective transfer pricing policies and, and describes the importance of proper documentation. The arm's length approach to transfer pricing is presented. Transfer pricing, if done correctly, can improve the overall success and value of an international company.
Keywords: International business, transfer pricing, corporate taxation
JEL Classification: F23, M40, M41, M46, M49
Suggested Citation: Suggested Citation
Dean, Molly and Feucht, Frederick J. and Smith, Murphy, International Transfer Pricing Issues and Strategies for the Global Firm (2008). Internal Auditing, 23(1): 12-19. 2008. Available at SSRN: https://ssrn.com/abstract=1123706