When we refer to Transfer Pricing we are talking about a general phenomenon that affects the daily life of the Large Multi-National Enterprises (MNEs). These are companies operating on a global level and they are able to decide where to establish the operative branches and how to structure and finance themselves in order to identify and to take advantage of different market opportunities. Our focus will be on this kind of enterprises and not on the Small Medium Enterprises, not complex and developed enough to implement any Transfer Pricing Policy.