On a recent episode of the popular TV show, The Good Wife, the main character Alicia Florrick (played by Julianna Margulies) states that she was drawn to the legal profession because the rules meant right and wrong was clear. Being a lawyer afforded her clarity and helped her understand right from wrong without ambiguity.
“I like clarity. I like rules that tell me what’s right and what’s wrong. (…) I just wanted to be inside something made sense to me.” (Alicia Florrick, The Good Wife – Season 4, Episode 6)
And while I don’t agree the law is as black and white as Alicia would like to believe, I enjoy transfer pricing precisely because there is no black and white. There is almost never one answer. The right answer is almost always in a range of possibilities. My instinctive first response to most clients when they ask me a seemingly straightforward question is “it depends.”