India has instituted key reforms to ease the tax burden on start-ups and make it easier for investors to contribute to their success. These changes are part of a larger plan to create jobs and further elevate the country's rising economic stature.
The new US tax reforms represent the largest overhaul to the country’s tax code in more than three decades. They not only significantly lower US corporate tax rates, they change how multinationals are taxed on their non-US operations and their cross-border transactions. Understanding and following with the new rules will create challenges for multinationals. Those that fail to comply will risk financial and reputational damage, and those that fail to take advantage of new benefits will leave money on the table.