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What Is Intercompany Accounting?

Intercompany accounting is the process of recording financial transactions between different legal entities within the same parent company. Because these entities are related, the transactions between them are not “independent” and companies can’t include a profit or loss from these...

Tax the Robots

In a world that’s gone mad over robots, is Bill Gates the voice of reason? Gates is advocating that robots who take human jobs should pay taxes out of concern that robots will replace large numbers of workers over the...