ASC 606 and transfer pricing: The devil is in the details
February 14 | 2 p.m. ET | 19:00 GMT
Host: Mark Nehoray, partner, Deloitte Tax LLP
1 Overview CPE credit | Taxes
Adoption of the new revenue recognition standard under ASC 606 could result in many unexpected tax technical and technology implications for companies. What transfer pricing-specific impacts can you expect? We'll discuss:
- An overview of the new standard and the likely tax impacts with its adoption.
- Specific implications for intercompany transactions, including cost-sharing transactions, platform contribution transactions, shared services, royalties, buy-sell transactions, and commissions.
- Common transfer pricing strategies that companies are making to address the impact of ASC 606.
Participants will gain insights on the transfer pricing issues arising from the new revenue recognition standard and ways to address them.