Multinational organizations are operating in an environment of unprecedented complexity. The volume and variety of intercompany transactions and transfer pricing regulations, accompanied by increased enforcement activities worldwide, have made transfer pricing a leading risk management issue for global businesses. Deloitte’s transfer pricing team works with clients to advise on how to comply with transfer pricing rules around the world while at the same time analyzing their global tax rates and the internal and external costs associated with defending against tax authority challenges. We also help clients establish integrated global approaches for navigating the tax issues related to funding the development of valuable intangible properties, providing efficient intragroup financing and centralized treasury management, and moving goods and services across borders.