Transfer Pricing career questions

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  • #186571
    jhd7
    Member

    Does anyone on the forum work in transfer pricing? I’m thinking about trying to get into this industry and I’d like to know your thoughts on it. Thank you

    AUD- 78
    BEC- 79
    REG- 91
    FAR- 83

    Licensed NJ CPA

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  • #578124
    jhd7
    Member

    bump

    AUD- 78
    BEC- 79
    REG- 91
    FAR- 83

    Licensed NJ CPA

    DONE

    #578125
    M.O.D.
    Member

    I have a friend who works in transfer pricing. He has an econ masters and works for a law firm.

    It is a high-powered field, with lots of very clever people trying to stay a step ahead of Congress and the IRS.

    It is full of contested lawsuits and constant audits.

    BA Mathematics, UC Berkeley
    Certificates in CPA and EA preparation, College of San Mateo
    CMA I 420, II 470
    FAR 91, AUD Feb 2015 (Gleim self-study)

    #578126
    jhd7
    Member

    MOD thanks for the input. Has your friend said whether they enjoy it or not?

    AUD- 78
    BEC- 79
    REG- 91
    FAR- 83

    Licensed NJ CPA

    DONE

    #578127
    M.O.D.
    Member

    Well, he works for a law firm, and they pay him the salary of a lawyer, which is good.

    However, he's adopted the mentality of a lawyer, always worrying about what could go wrong, which I think is bad.

    However, that reflects the culture of the law firm. An accounting firm might be different.

    It is an interesting field, trying to find loopholes to save money on international taxes. But much of it is moving the paper profits around the world, and seeing how far you can get away with it before the taxing govts start complaining.

    I think it could be interesting. I myself am interested in offshore finance.

    And it is always a tricky interplay between the non-tax nexus and the tax nexus.

    I think it depends on your mentality. If you see it as a cerebral challenge it is ok, but if you see it as wealthy multinational corporations shirking their tax obligations in the countries they do business in (which is how most lay people see it), you probably won't like it.

    BA Mathematics, UC Berkeley
    Certificates in CPA and EA preparation, College of San Mateo
    CMA I 420, II 470
    FAR 91, AUD Feb 2015 (Gleim self-study)

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