International Accounting

Abstracting and Indexing

Referativny Zhurnal VINITI RAS
Google Scholar

Online available



Cyberleninka (24 month OA embargo)

Contemporary transnational corporations and their tax profile under transfer pricing

Vol. 22, Iss. 9, SEPTEMBER 2019

Received: 16 July 2019

Received in revised form: 6 August 2019

Accepted: 27 August 2019

Available online: 16 September 2019

Subject Heading: Tax and taxation

JEL Classification: F38

Pages: 993–1007

Velikorossov V.V. Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation

Chaikovskaya L.A. Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation

Filin S.A. Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation

Subject The article reviews the effective governmental regulation of charging taxes on transnational corporations so as to ensure the fair distribution of the tax base and taxes among national budgets.
Objectives The research devises the technique to assess how much transnational corporations contribute to revenue of various jurisdictions. The article also formulates recommendations for improving their international taxation in terms of innovative economy.
Methods The research employs methods of analysis, synthesis and logic study based on the creative and information approach. Relying on the analysis of methods national fiscal systems use to tax transnational corporations, the article proposes the technique to assess how much transnational corporations contribute to fiscal revenue of various jurisdictions in terms of innovative economy.
Results We review how the government regulates the taxation of transnational corporations in innovative economies, demonstrate advantages of deploying the production and profit centers in countries with different taxation. The article presents our technique to assess how certain production factors of transnational corporations contribute to fiscal revenue of various jurisdictions. We also offer our recommendations for improving the international taxation of transnational corporations.
Conclusions and Relevance The proposed technique ensures the fair distribution of taxes and tax base among national budgets. It cam be used as part of local tax regulations with respect to consolidated groups of tax residents.

Keywords: transfer price, transnational corporations, taxation, separate accounting, proportional separation


  1. Filin S.A. Teoreticheskie osnovy i metodologiya strategicheskogo upravleniya innovatsionnym razvitiem: monografiya [Theoretical principles and methodology for strategic management of innovative development: a monograph]. Tula, Tula State University Publ., 2010, 425 p.
  2. Rossiya v globaliziruyushchemsya mire: strategiya konkurentosposobnosti [Russia in the globalizing world: The competitiveness strategy]. Moscow, Nauka Publ., 2005, 508 p.
  3. Kuznetsov A.V. [Global imbalances and geo-financial risks of Russia]. Ekonomika. Nalogi. Pravo = Economics, Taxes & Law, 2016, no. 3, pp. 51–57. URL: Link (In Russ.)
  4. Polezharova L.V. [An alternative approach in the methodology of TNC taxation: The need and possibilities]. Ekonomika. Nalogi. Pravo = Economics, Taxes & Law, 2017, no. 5, pp. 134–141. URL: Link (In Russ.)
  5. Velikorossov V.V., Makashina O.V. Ispol'zovanie zarubezhnogo opyta bankrotstva territorii. V kn.: Razvitie integratsionnykh protsessov v ekonomike Rossii [The use of foreign practices of place bankruptcy. In: The development of integration processes in Russia's economy]. Moscow, KnoRus Publ., 2018, pp. 103–108.
  6. Polezharova L.V., Vinogradova A.V. [The evolution of transfer pricing legislation in Russia: The past, present and future]. Ekonomika. Nalogi. Pravo = Economics, Taxes & Law, 2015, no. 2, pp. 120–126. URL: Link (In Russ.)
  7. Krasnov I. [Transfer pricing and international practice of taxation of TNC]. Upravlenie ekonomicheskimi sistemami: elektronnyi nauchnyi zhurnal, 2013, no. 5. (In Russ.) URL: Link
  8. Kay J. Foundations of Corporate Success. Oxford, Oxford University Press. 1993.
  9. Lenskii E.F., Tsvetkov V.A. Transnatsional'nye finansovo-promyshlennye gruppy i mezhgosudarstvennaya ekonomicheskaya integratsiya: real'nost' i perspektivy [Transnational financial and industrial groups and cross-border economic integration: Reality and prospect]. Moscow, Ekonomika i zhizn' Publ., 1998, 296 p.
  10. Goncharenko L.I. Ustoichivoe razvitie nalogovoi sistemy Rossiiskoi Federatsii v usloviyakh global'nykh izmenenii: monografiya [Sustainable development of the fiscal system of the Russian Federation during global changes: a monograph]. Moscow, Dashkov i K Publ., 2017, 582 p.
  11. Filin S.A., Chaikovskaya L.A. [Cryptocurrency as digital asset: Possibilities of account and feature of the taxation]. Ekonomika i upravlenie: problemy, resheniya = Economics and Management: Problems, Solutions, 2018, vol. 1, no. 3, pp. 65–79. (In Russ.)
  12. Legislative History of United States Tax Conventions. Volume 4: Model Tax Conventions. Washington, D.C., U.S. Government Printing Office, 1962. P. 4253.
  13. Velikorossov V.V., Makashina O.V., Donskaya S.L. [Intergovernmental alignment of income budgets in order to improve the sustainable economic development of the country]. Ekonomika i upravlenie: problemy, resheniya = Economics and Management: Problems, Solutions, 2019, vol. 1, no. 4, pp. 31–38. (In Russ.)
  14. Safeguarding Macroeconomic Stability at Low Inflation. A Survey by the Staff of the International Monetary Fund. International Monetary Fund, 1999, p. 74. URL: Link.

View all articles of issue


ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 23, Iss. 6
June 2020