Overview
Professional Bio
Mimi Song is responsible for managing client relationships and ensuring the successful implementation of transfer pricing solutions at Exactera. A passionate proponent of transfer pricing education, she leads discussions with world-renowned global tax experts on podcasts and webinars and is a featured speaker at Exactera’s frequent transfer pricing round tables.
Prior to Exactera, Mimi led the transfer pricing team at the Bank of Tokyo-Mitsubishi UFJ and advised hundreds of multinational corporates as a transfer pricing consultant.
She has written numerous articles on tax and transfer pricing for Bloomberg Tax and Treasury & Risk, among others, and has been quoted as an economic expert by Forbes, The Wall Street Journal, and CNN.
Perspectives
What I’ve learned about corporate tax:
Tax is a necessary part of business, and it’s not going away any time soon. Given the current landscape of business, finance professionals need to have awareness of certain international tax issues because businesses no longer start as a local brick-and-mortar “mom and pop” shop. Businesses emerge as online, global digital businesses, where tax implications are immediate and important to consider.
What has surprised you the most about working on transfer pricing?
The field of transfer pricing continues to evolve. The regulations evolve, the scrutiny becomes greater, and business models change. I always enjoyed the field of transfer pricing because you get to learn about different businesses and dig deep into the operations (the innerworkings) of a business, but now, you layer on the country specific nuances and the broad interpretation of economic principles from each country’s perspective….and the complexity takes on a whole new meaning. The field of transfer pricing allows for some creativity, which is fun and challenging at the same time.
My greatest strengths are:
While I may not know everything about tax — I’ve specialized in a niche of international tax called transfer pricing — I understand and appreciate that every client has competing priorities across the tax landscape, and it’s about prioritizing areas of highest risk, because it’s nearly impossible to put out all fires at once. I also think I’m good at creating environments of collaboration, ensuring that people do not feel threatened by the line of questioning necessary for transfer pricing purposes.
