Don’t get caught off guard by transfer pricing surprises. Review these five categories as you assess your approach to transfer pricing.
Globalization makes transfer pricing a necessary part of doing business for many organizations today. For a lot of those companies, compliance is the primary – and possibly the sole – driver of their transfer pricing strategy. But by adopting such an approach, companies could be missing out on a range of advantages, from optimizing tax payments to uncovering new sources of cash flow.
To determine how your organization could benefit from a more robust transfer pricing strategy while still meeting compliance requirements, it’s critical to identify your end goals and be aware of the steps needed to make them a reality. Here are five areas that should be on your checklist as you take a broader view of transfer pricing.