Value chain analysis and economic theory are undoubtedly powerful tools when designing a transfer pricing policy. But sometimes these perspectives can result in a confused description of what the controlled transactions within a group actually are. The consequences can include very strange looking titles for intercompany agreements – such as ‘entrepreneurial …

Erwin Schrödinger was Nobel Prize-winning Austrian physicist. You’ve probably heard of him. He created a thought experiment in 1935 to point out the contradiction between what quantum theorists held to be true at the atomic and subatomic level, and what the average person observes to be true on the macroscopic level. The experiment went something …