Transfer pricing can be used to shift profits to jurisdictions with low or no tax to reduce the taxes payable for multinational companies. If such profit shifting is legal, is it ethical? Was Apple well-advised to shift $30 billion in profits to its Irish subsidiary, where it paid no corporate income taxes on those profits? Why, and why not?
Answer to relevant QuestionsMany professional accountants know of questionable transactions, but fail to speak out against them. Can this lack of moral courage be corrected? How? Why did the SEC ban certain non-audit services from being offered to SEC-registrant audit clients even though it has been possible to effectively manage such conflict of interest situations?1. Should an accounting firm have to resign as the auditor of a company when the partner in charge of the audit is convicted of releasing confidential information about that audit client? 2. How can accounting firms ensure ...1. What advice would you give to this professional accountant?I am a professional accountant and hold the position of Financial Analyst, Capital Projects, with the Town of Pinecrest. In my position, I deal with, among ...1. Do you consider transfer pricing to be an ethical means of reducing a businesses’ tax liability? Why, and why not?2. At what level would a transfer price cease to become reasonable, and become unethical and probably ...
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