Question 1

What is a transfer price and can a government regulate it? What difficulties and motives does a parent multinational firm face in setting transfer prices?

Question 2

Define cross-crediting and explain why it may or may not be consistent with a worldwide tax regime.

Question 3

What is meant by the term "tax morality"? If for example, your company has a subsidiary in Russia where some believe tax evasion is a fine art, should you comply with Russian tax laws or violate the laws as your local competitors?