In actuality, there are four economies, each, as the mathematicians would say, a "partially dependent variable" -interdependent but not controlled by each other. First, there is the economy of the nation; increasingly, however, power is shifting to the region -North America expanding to the Americas Area, the enlarging European Union, and the Far East Region grouped around Japan and the growing China; there is also an almost autonomous world economy of money, credit and investment flows; finally, there is the economy of the transnational enterprise, which views the world as one market.

In the real economy, the transnational enterprise interacts with the other three economies and the single market approach is sabotaged by the macroeconomic policies of sovereign nation-states and its internal subdivisions. Among these policies, transfer pricing has become a major issue of concern for the transnational enterprise.

The likelihood of double taxation, interest and penalties, and other unpleasant surprises such as secondary adjustments, is increasing as revenue authorities in Argentina and around the world are growing in the number of inspectors and their training and expertise in international tax matters.

Multinationals willing to minimize the possibilities of a tax, customs or transfer pricing dispute or to be successful towards a current or potential challenge will have to adopt a strategic approach to the international tax planning, documentation and controversy process.

No matter the size of your business, EnterPricing is ready to assist you in your international tax, customs and transfer pricing needs. Contact us at info@enterpricing.com