Citigroup repeatedly breached a U.S. Federal Reserve rule that limits intercompany transactions, leading to errors in its internal liquidity reporting, according to a Citi document from December seen ...

Grant Thornton has released inter.x, a blockchain platform for managing intercompany transactions. The firm has implemented the new platform in-house, but it is also available to clients to manage ...

LOS ANGELES, June 6, 2023 /PRNewswire/ -- A global survey commissioned by accounting automation software leader BlackLine, Inc. (Nasdaq: BL) revealed suboptimal intercompany accounting processes are ...

Intercompany Predictive Guidance significantly reduces transaction failure rates, eliminates costly rework, and expedites processing across the transaction lifecycle LOS ANGELES, Sept. 12, 2023 ...

Transfer pricing disputes often arise because taxpayers cannot demonstrate how the price was determined. URA requires taxpayers to maintain documentation explaining their transfer ...

Do the tax hedge rules apply to consolidated tax groups? Yes. The Treasury Regulations treat members of a consolidated corporate group as divisions of a single entity.[1] As a single entity, the risks ...

Citigroup Inc. C is again in the headlines for repeatedly breaching the Federal Reserve’s Regulation W, which limits intercompany transactions. Those breaches led to discrepancies in the company’s ...

Established to curb inversions, the regulation threatens to impact the largest US-headquartered companies. The prospective new rules under Section 385 will see a loan issued to an organization ...

When a group of two or more businesses is required to report financial results on a consolidated basis, generally accepted accounting principles, or GAAP, require the elimination of intercompany sales ...

As they emerged from the pandemic, the treasury team at luxury retail brand Christian Louboutin was looking for a way to more accurately manage the impact of the brand’s payments between subsidiaries.