If a manufacturing affiliate faces a 55% income tax rate,

If a manufacturing affiliate faces a 55% income tax rate, and its distribution affiliate faces a 40% income tax rate and a 15% import tariff, should transfer prices be high or low?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...