Multinationals address vexed issue of transfer pricing with co-operative pricing agreements

A company with steady revenue growth turns over more than $100 million, but barely posts a profit. Sometimes there may even be a loss. A delve into any number of food and other international company accounts at the Companies Office reveals this pattern.It comes down to transfer pricing, the price a business charges one part of its business for the goods and services that business provided.The process can be complex and gets tarnished when multinational conglomerates use it to transfer profits and royalties to tax havens to avoid paying tax. Ire...