Multinational corporations need to understand the U.S.’s evolving tax rules within the context of the changing global tax landscape, including new and tighter restrictions on profit-shifting. The combination of these factors seriously affects what multinationals need to consider from a tax perspective, and how frequently they need to review their existing structures. We have gathered some of our top experts to discuss changes to the U.S. corporate and individual tax regime and how they may affect your organization’s expansion plans
The international tax landscape has undergone radical changes in the last half dozen years. Tax authorities across the globe are implementing strict requirements and enhanced enforcement practices that target perceived tax base erosion and profit shifting. Multinationals everywhere are being forced to increase corporate transparency and disclosure. In short, the rules for and risks of minimizing tax are evolving fast. Perhaps no requirements have undergone such widespread changes as those related to transfer pricing — particularly the OECD’s three-tiered approach to multi-jurisdictional transfer pricing documentation, involving a master file, local file and country-by-country reporting (CbCR). Multinational enterprises of all sizes must understand their related obligations in all relevant jurisdictions to avoid potential double-taxation assessments, penalties and reputational damage.
The 2017 Tax Cuts and Jobs Act fundamentally altered the tax environment for U.S. multinational companies (“MNCs”). In addition, the OECD BEPS project, the EU’s Anti-Tax Avoidance Directive and other local country regulations are adding to the complexity that finance and tax executives of MNCs are facing daily. In order to maximize tax benefits and cost savings, companies need to rethink their corporate structure, their financial priorities, and their tax strategy.
Join us for this informative webinar, where our subject matter experts will outline recent and upcoming changes, and provide strategies for navigating the complexities of the new tax landscape both inside and outside the U.S. Our subject matter experts will discuss the current state of U.S. and international regulations, the practical consequences of failing to comply with changing tax laws, and the best approaches your organization can take to be proactive in your tax compliance strategy.
More than 100 countries are part of the OECD’s Inclusive Framework on Base Erosion and Profit Shifting (BEPS). These jurisdictions are committed to remaking the international tax framework by implementing BEPS rules. Among the key elements of the BEPS program are changes to the permanent establishment (PE) framework to account for the taxation of digital companies, and new, stricter country-by-country reporting (CbCR) obligations related to transfer pricing practices. Unfortunately, individual jurisdictions are implementing new BEPS-related PE and CbCR rules unilaterally and to varying degrees. It’s more important than ever for multinationals to understand these trends so they know the right questions to ask to lower the risk of fines and reputational damage.