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Recent Focus on Abusive Transfer Pricing Moves Us in the Right Direction
August 9th, 2010
Transfer pricing, specifically the abuse-thereof, has found itself in the spotlight recently. This highly technical accounting procedure, which multinational corporations use to shift assets between subsidiaries, went years without much media or congressional attention. That all seems to have changed. (Of course, not all transfer pricing is abusive, but I'm not going to try to explain the intricacies of transfer pricing in this post—my colleague Collin Swan did a pretty good job of that here last week.) Abusive transfer pricing is a serious problem which began to seriously attract media attention after Jesse...
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