transfer pricing

British  

noun

1. the setting of a price for the transfer of raw materials, components, products, or services between the trading units of a large organization

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Example Sentences

The dispute centers on a 2012 IRS audit into transfer pricing, a method used by companies to shift profits to tax havens and avoid the US corporate tax rate.

From Seattle Times • Oct. 11, 2023

It said the authorities were investigating issues related to international taxation and transfer pricing of BBC subsidiary companies.

From Washington Times • Feb. 17, 2023

Critics say big multinational companies use an accounting trick called transfer pricing — a common way to dodge taxes — to avoid paying higher tariffs when shipping goods between their international subsidiaries.

From New York Times • Apr. 22, 2018

Mayer Brown of the District appointed Gary Wilcox partner in the tax controversy and transfer pricing practice.

From Washington Post • Apr. 21, 2017

The drugmaker enjoyed a tax benefit of $453 million due to agreements on transfer pricing arrangements between Canadian, British and Swedish tax authorities.

From Reuters • Nov. 10, 2016