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.