Software for Transfer Pricing

Corptax transfer pricing architect is a software for transfer pricing. What is transfer pricing and why is it important? It relates to the pricing of assets, services etc. within an organization. As prices are set within an organization, typical market mechanisms may not apply. It's an issue as the price levels set affect the allocation of total profit among parts of the company. This is a major concern for fiscal authorities to prevent degradation of tax revenues due to manipulation of transfer prices. There is an economic theory that underlies transfer pricing.