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Exam IIA-CIA-Part3 topic 2 question 2 discussion

Actual exam question from IIA's IIA-CIA-Part3
Question #: 2
Topic #: 2
[All IIA-CIA-Part3 Questions]

An organization that sells products to a foreign subsidiary wants to charge a price that will decrease import tariffs. Which of the following is the best course of action for the organization?

  • A. Decrease the transfer price.
  • B. Increase the transfer price.
  • C. Charge at the arm's length price.
  • D. Charge at the optimal transfer price.
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Suggested Answer: C 🗳️

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34205ac
2 weeks, 2 days ago
Its A. As per Gleim and quoted "The best transfer price may be low because of tariffs or high because of foreign exchange controls"
upvoted 1 times
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Elvin
10 months ago
Selected Answer: A
Should it be A?
upvoted 1 times
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Walewweeeed
3 years, 2 months ago
A is correct
upvoted 2 times
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superman26
3 years, 4 months ago
why the answer, not D?
upvoted 1 times
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yomang
3 years, 4 months ago
Per CFI: Transfer pricing helps in reducing duty costs by shipping goods into countries with high tariff rates by using low transfer prices so that the duty base of such transactions is lowered. So maybe it's A. I don't see how charging them the market price (arm's length) LOWERS the tariffs. A tariff is a percentage of whatever you sell at any price. So if it's 10% of $100, it's $10 - but if you LOWER the sale price to $50, it's 10% of $50, which is $5, ergo: Decreasing the transfer/sale price will also LOWER/DECREASE the tariffs.
upvoted 2 times
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Chamak
3 years, 7 months ago
May be import tariff is based on market prices which is based on fair values
upvoted 2 times
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Chamak
3 years, 7 months ago
Me too thought A was a correct answer because lowering the transfer price would reduce profits and hence tarifs
upvoted 3 times
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tinanina
3 years, 7 months ago
why not A?
upvoted 2 times
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