The IRS on May 29 issued Notice 2015-40 requesting comments regarding the possible effects on a taxpayer's tax accounting methods of the new financial accounting revenue recognition standard, "Revenue from Contracts with Customers".
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process