Transfer Pricing Is Everywhere: Is Comparable Data Now Everywhere, Too?

Decades ago, after an accounting firm had spent days at a client site conducting factual interviews and trying to diagnose a planning approach, a seasoned transfer pricing professional (a Legend in the industry) coolly stepped in and diagnosed the situation in minutes.? Along with an efficient structure and next steps, the Legend also immediately provided the SIC codes needed for the analyses as well as a handful of comparable companies that would likely fill the CPM.

All the new hires were starry eyed.??

How did the Legend obtain this encyclopedic knowledge of the information the team had been seeking for days?? Well, the Legend had spent years using the latest hottest Proprietary Databases, and years before those Proprietary Databases were available combing through public filings for available data.

Fast forward to today.? That same information the Legend had culled over decades can now be gathered in seconds through artificial intelligence.? Publicly disclosed data is literally at our keyboarded fingertips, we just need to use our expertise and ingenuity to make those fingertips ask the right questions.

If you feel like you would like to partner with someone to help develop your expertise and ingenuity, contact GKC – we would be happy to partner with you.