About Farnaz

Dr. Farnaz Newell is a director in the Transfer Pricing practice of Marcum’s International Tax Group, specializing in evaluating and developing related-party transactions.

With more than a decade of experience in practicing economics, Farnaz provides transfer pricing services to early-stage, middle-market, and large private and public multinational entities across the financial services, cryptocurrency, blockchain, software and technology, professional services, and consumer and industrial goods industries.

Articles, Seminars & Publications

  • “Drilling into the Details: Oil and Gas Giant ConocoPhillips Faces Transfer Pricing Compliance Lawsuit,” Marcum Insights, December 2023
  • “Transfer Pricing Spotlight: Cryptocurrency,” Marcum Insights, November 2023
  • “Transfer Pricing,” Editor, Marcum 2023 Year End Tax Guide, November 2023
  • “Transfer Pricing,” Editor, Marcum 2022 Year End Tax Guide, November 2022
  • “Tax Court Ruling Raising Coca-Cola’s Tax Bill to More Than $3 Billion and its Implications for Your Related Party Transactions,” Marcum Insights, November 2021
  • “Transfer pricing in the time of COVID-19,” DFK International Newsletter, January 2021
  • “Blockchain technology firms’ transfer-pricing issues,” Tax Adviser, November 2020
Practice Focus

Intercompany Transaction Planning
Financial Transactions
IP Valuations
Economic Analysis
Global Documentations
Section 482 & OECD Guidelines Compliant Transfer Pricing Planning and Documentation Studies
M&A Transfer Pricing Due Diligence Analysis


Honours, Bachelor of Arts, Specialist Degree, Political Economy
University of Toronto

Doctorate Degree, Economics and Political Science
Claremont Graduate University