What are transfer pricing consultant roles and responsibilities?

Transfer pricing is the mode of fixing of the price of the goods and services sold between controlled legal entities within an enterprise. Say for e.g. if a subsidiary company sells goods to a parent company, the cost of those goods paid by the parent to the subsidiary is the transfer price.

Transfer pricing consultant plays the key role by providing assistance to the transfer pricing leaders in the advisory services.  The consultant works on variety of international compliance, research, consulting and planning issues and provides expert advice to the foreign multinational companies on the tax implications of their operations in the region.