Companies can now choose to ignore some internal transactions for tax purposes

The US Treasury Department is proposing new rules that would let companies simplify how they account for certain internal transactions between their foreign business units and their main company. This means less paperwork and potentially lower compliance costs for businesses with international operations.

Companies with complex international structures spend a lot of time and money tracking every internal transaction for tax purposes, even when those transactions don't affect their overall tax bill. This proposed change would let them opt out of some of that tracking. It's a small, technical adjustment, but it could save large multinational corporations significant administrative effort.