基于税率差异与私人信息的转移定价研究

A Study of Transfer Pricing Based on Tax Differences and Private Information

在传统的转移定价模型中引入上下游部门存在税率差异以及外部市场成本为私人信息这两个因素,建立不完全信息动态博弈模型,研究跨国企业集团中间产品转移定价决策问题。从理论结果推导上发现,税率差异与高成本概率都会影响转移价格的制定;对中间产品进行差别定价时,内部转移价格低于外部销售价格。从数据仿真上发现,税率差异会影响内部转移价格的制定,高成本概率会影响外部销售价格的制定,并且税率差异因素相比于高成本概率值更能影响跨国公司在两种定价方式下的利润差。通过对两种策略对比可知,跨国公司对中间产品采用差别定价相比于统一定价总能获得更大的期望总收益。

Based on the traditional transfer pricing model,a dynamic game model with incomplete information is established in this paper to study the transfer pricing problem of intermediate products of multinational corporate(MNC)groups by introducing two factors,namely,tax rate difference between upstream and downstream sectors and private information of external market cost.From the theoretical results,it is found that both tax rate difference and high cost probability affect the transfer price setting;the internal transfer price is lower than the external sales price when differential pricing is applied to intermediate products.From the data simulation,it is found that the tax differential affects the internal transfer price and the high cost probability affects the external sales price,and compared to the high cost probability value,the tax differential factor exerts more impact on the profit differential of multinational companies under the two pricing approaches.The comparison of the two strategies shows that MNCs can always obtain greater expected total revenue by using differential pricing for intermediate products compared to uniform pricing.