Transfer pricing is the development of prices for goods and services bought/sold between related parties. For example, a U.S. headquartered company sells widgets to its foreign subsidiary – what should the price of the widgets be? The U.S. Internal Revenue Service would prefer a relatively higher price, leading to more U.S. income that will be subject to taxation. The taxing authority of the foreign subsidiary would prefer a relatively lower price, so more taxable profit remains in its jurisdiction.
The generally accepted principle is that the price should be set as if the parties were not related (an “arm’s length” price). Companies therefore rely on us to help them determine this arm’s length pricing for not only goods, but also services and intangible property.
The Analyst position involves:
· Researching and reading the applicable tax code regulations and applying them to our work;
· Thoroughly and accurately analyzing data and information, typically using Microsoft Excel;
· Performing searches in our subscription databases for companies that perform specific activities and assessing the nature of their comparability for the project at hand;
· Preparing clear and concise overviews of companies using information from their websites and SEC filings;
· Preparing clear and concise overviews of the industries in which our clients operate, based on industry reports;
· Summarizing and analyzing client information, including their financial statements;
· Demonstrating an understanding of economic concepts and effectively applying economic/financial knowledge to client situations;
· Developing and delivering quality services/work products in a timely manner; and
· Working closely and collaboratively with the rest of the team.
To qualify, Analyst candidates must have:
· An intrinsic interest in taxation, economics, and finance;
· A bachelor’s degree in a business-related field (e.g., economics, finance);
· Excellent organizational, analytical, and verbal/written communication skills;
· Proficiency with Microsoft Excel and Word; and
· Ability to thrive in a fast-paced, professional services environment.