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Intercompany Accounting—A Target For Tax Scrutiny

Intercompany accounting—the management of financial transactions between separate legal entities that belong to the same corporate group—has been cast into

FourQ Staff
FourQ Staff

Jul 23, 2021

Intercompany accounting—the management of financial transactions between separate legal entities that belong to the same corporate group—has been cast into the global spotlight and thrust under a multinational microscope. As governments re-examine tax policy, new tax and accounting regulations and expectations make it increasingly challenging to manage tax leakage and comply.

To overcome these challenges, we need to understand why intercompany accounting has increasingly become a target for scrutiny. Dirk van Unnik, Vice President of Tax Development at FourQ lists four key developments and explains how intercompany accounting has been affected and what multinationals need to do to adapt.

Read full article at bloombergtax.com.

FourQ Staff

Built by finance, accounting, and tax experts, FourQ is Intercompany Financial Management software that streamlines the global operations of the world’s largest companies. Providing automated intercompany processing seamlessly integrated with global vendor invoice management, FourQ helps multinational companies increase efficiency and improve global business operations. This increases operational productivity while saving millions of dollars annually through improved intercompany billing and payment and tax optimization. Discover why FourQ processes over $34 billion annually across 110 countries and how it can transform global operations at your organization.

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