All corporations that deal with imported or exported products are affected by transfer pricing (Section 482). For example, when Wiley U.S. purchases books from Chichester, it must follow the transfer pricing procedures. Because of its multibillion dollar impact on international trade as well as intercompany transfer of goods, transfer pricing is an important topic that is frequently mentioned in the press. In many ways transfer pricing acts to counter "dumping" (when a nation dumps its products into another nation at artificially low prices). This book will show tax managers how to use various methodologies for transfer pricing that are available to them.