Chapter 2

1. Through Amazon.com, an Apple iPod Nano 8GB costs £102 (equivalent to US$160 using January 2012 exchange rates) from their British site and US$120 from their American site.

2.There are many books available that provide an extensive discussion on costing systems. Chapter 3 in my book, Effective Financial Management: The Cornerstone for Success, provides an overview of the possibilities suitable in different situations.

3. The founding countries of the Joint International Tax Shelter Information Centre are leading the charge here by increasing the transfer pricing ­disclosure requirements for organizations that do business with related ­parties overseas as well as instituting aggressive transfer pricing audits in areas they consider being high risk.