Globalization, mergers and acquisitions, and the subsequent sprouting of multi-conglomerates has made transfer pricing — the pricing of transactions between separate entities of a multi-entity company — an obligatory practice for many growing businesses. And though these companies — ranging from the behemoths like Apple, in the news for investigations into its allegedly favorable transfer-pricing arrangements abroad, to smaller multi-divisional corporations — approach the regulations as a compliance issue (or headache), Alex Martin sees things differently.
With more than 20 years of experience as a transfer-pricing economist, Martin has witnessed an evolution in the process. What was once the province of huge corporations has impacted companies of all sizes, as they open international offices and affiliations. Continue to full article on accountingtoday.com