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International Transfer Pricing Issues and Strategies for the Global Firm

Internal Auditing, 23(1): 12-19. 2008

15 Pages Posted: 22 Apr 2008 Last revised: 6 May 2014

Molly Dean

Deloitte & Touche LLP

Frederick J. Feucht

Prairie View A&M University

Murphy Smith

Texas A&M University-Corpus Christi

Date Written: 2008

Abstract

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

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

Molly Dean

Deloitte & Touche LLP ( email )

Paramount Plaza
Midtown Manhattan
New York, NY AB

Frederick J. Feucht

Prairie View A&M University ( email )

PO Box 188
Prairie View, TX 77446-0188
United States

Murphy Smith (Contact Author)

Texas A&M University-Corpus Christi ( email )

6300 Ocean Drive, Unit 5808
O’Conner Building - Room 333,
Corpus Christi, TX 78412
United States

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