Editorial

This issue covers the most important international tax challenge faced by multinational corporations (MNCs) today and for the foreseeable future — transfer pricing! The authors of the articles herein and of course I would say that wouldn't we? All of us live in the land of Narnia that is transfer pricing! Actually our clients say it too. Ernst & Young's 2005 Global Transfer Pricing survey the latest in a series of biennial surveys tracking trends and issues in transfer pricing reconfirmed that this is the view of tax directors worldwide. So it is a great privilege to be participating in this...