1. When one part of a multinational organisation in one country transfers (that is, .......... ) goods, services or know- how to another part in another country, the price charged for these goods or services is called 'transfer price'.

2. According to Manfred Davidmann, this may be a purely .......... figure, meaning by this that it may be unrelated to costs incurred, to operations carried out, or to added value.

3. In other words, it is possible for a multinational company to minimise its .......... for corporation tax by transfer pricing.

4. This is done without any change to procedures, operations or added value; it is done by merely changing book

5. This tax .......... is legal until governments legislate to prevent this practice.

6. If a multinational has increased its profits by this method, then the government, whose expenses have not changed, must make up this .......... elsewhere.

7. Its citizens pay more tax, the government can spend the same amount as before, and the multinational's profits have increased: in other words, the multinational's increased profits arise from money which is in .......... collected by the government from its taxpayers.

8. This is a matter far .......... from earning reasonable profits on needed quality goods and services at reasonable prices in open competition with other corporations.

9. It seems that at times some top US companies pay no federal income tax at all or obtain an overall ..........

10. Multinationals need to be made accountable to elected representatives of the people, for their policies and for acting for or against the national ..........