IQPC hosted this global symposium in Berlin on 14 April 2008 to examine recent developments in transfer pricing, including business restructuring, transfer pricing controversies, practical audit experiences, US trends in tax policy, the UK tax landscape, and transfer pricing developments and business opportunities in China. As part of the conference, NERA Director Dr. Emmanuel Llinares and Special Consultant Dr. Alexander Voegele delivered a presentation on the shifting of functions. Dr. Llinares and Dr. Voegele examined seven cases on the valuation of the transfer package and of intellectual property in the context of the shifting of functions. The cases addressed migration of manufacturing, the transfer of a sales area, the transformation of a fully fledged distributor to an agent, the shift of R&D, the transfer of patents, and European centralization.