Due to the increase in the globalization of the world economy and the expansion of the activities of transnational corporations (TNC), the number of transactions using the transfer pricing mechanism (hereinafter referred to as the TP) is increasing. Efficient TNC management involves not only the formation of a clear organizational structure of management, but also the development of efficient economic relations between its structural divisions.
However, the TP should not be associated only with the activities of large TNC. This mechanism of minimizing tax payments and international division of capital has started to be widely used even by small participants of international relations that establish their branches or representative offices abroad and use them as participants in transfer operations. This kind of activity has become characteristic of many Russian subjects of the international activity, which makes the study of the TP problem particularly relevant.
Against the background of the need to find an optimal variant of the economic independence of structural units, to clearly define the income and expenses of each unit of the enterprise, and to estimate its impact on the overall result of the activity, the problem of the study and use of TP is becoming more and more important. In this context, the problem of using TP at an enterprise touches on the processes of its information support in order to manage the results of the activities performed by the enterprise, and therefore is relevant.
Despite the fact that the issues related to TP are the object of the study in numerous scientific papers [1]–[6], a number of aspects related to the information support for TP are disputing and require additional study.
The purpose of the article is to characterize TP in international markets, to analyze the problems that exist in the information provision system in terms of TP management as applied to business partnership of enterprises, and as well as to offer recommendations on how to overcome them.
II. PROPOSED METHODOLOGY
A. Characteristics of Tp In International Markets
According to the OECD (Organization for Economic Cooperation and Development) Recommendations on TP [7], in the most general form, transfer prices are prices for internal corporate supplies, i.e., the prices that one of the economic centers and/or divisions sets for another center and/or a division of the same company or corporation.