Examlex
A condition that is conducive to low transfer prices from the parent company to the subsidiary and high transfer prices from the subsidiary to the parent company is where the corporate in-come tax is lower in the subsidiary's country than in the parent country.
World Trade Organization
An international organization designed to supervise and liberalize world trade by providing a framework for negotiating trade agreements and a dispute resolution process.
Member States
Countries that are part of a larger political or economic union or organization and subject to its agreements and regulations.
Equal Basis
A principle aimed at ensuring that individuals or entities are treated equitably, without any form of discrimination or bias, in a given context.
Civil Law Systems
Legal systems based on written codes or statutes, as opposed to common law systems that rely on judicial precedents.
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