You probably heard about multinationals' tax avoidance, tax heavens and cross-border profit-shifting. In the last decade, many MNEs were accused of tax dodging - often, using something called "transfer pricing". But is transfer pricing bad? What is it, actually? The course gives an overview of international transfer pricing rules and principles and covers the following topics: 1) What is transfer pricing? 2) Why is it relevant from tax and managerial perspectives? 3) How multinationals can use transfer pricing for tax avoidance? 4) What are transfer pricing rules? 5) What is the arm's length principle and where it comes from? The course will be useful for every finance, accounting and tax professional who wants to understand what transfer pricing is about and where modern transfer pricing rules come from. The course is not country-specific, as the principles explained in the course are universal around the world. FOR THE CONTINUATION, CHECK THE "INTERMEDIATE TRANSFER PRICING" COURSE