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Podcast: Innovation in Compliance with Tom Fox
Episode: Taxman Series: What is Transfer Pricing?
Description: Tom Fox and Tracy Howell continue their exploration of the intersection between compliance and tax in episode 2, where they touch on the practice of transfer pricing. The Concept of Transfer PricingTransfer pricing encompasses the methodologies required by tax code to price transactions between affiliated companies. Devising an arm's length rate for comparable transactions between comparable entities is more art than science. As far as compliance is involved, Tracy believes that, “If you’re a compliance officer that can say anything more than just the words, ‘transfer pricing,’ then you are, indeed, an FOT (f...