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Transfer Pricing Compliance
Transfer pricing is one of the most expensive undertakings for a corporate tax department. This is in spite of the fact that it has transformed itself from being a “fancy” consulting activity into a straightforward compliance activity. Most companies do not get a second opinion and instead continue to pay their Big Four accounting firm the same outrageous fees year after year, even though transfer pricing study updates take a fraction of the time to complete. Before spending a large portion of your consulting budget on transfer pricing, rather than a value added consulting project, doesn’t it make sense to get a second opinion?