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Transfer pricing, or the pricing of transactions between affiliates in different tax jurisdictions—also known as intercompany pricing—presents both tax opportunities and financial reporting risks for multinational businesses. Tax authorities place a heightened focus on transfer pricing to increase revenue, leading to a rise in transfer pricing audits and penalties imposed.

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My name is Dmitry Tereshko. I am a Russian entrepreneur, I have been sawing wood since 2010. Since 2019, I have stopped production and focused on trading. Today, I have access to state prisons that produce quality and cheap lumber. It is absolutely legal in Russia. My proposal is to set up a joint venture to export timber to India.

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