The road after the election: International tax planning that cannot wait

With an uncertain election outcome still hanging in the balance, and a rapidly evolving international landscape, companies need to employ their resources wisely. 

In the midst of elevated uncertainty facing businesses, my new blog, co-authored with my colleague Todd Metcalf addresses the one question that is top of mind for tax leaders: What areas of international tax should US multinational companies focus on right now?

Key takeaways for Tax leaders:

• Stay on top of Organisation for Economic Co-operation and Development (OECD) “digital” developments regarding discussions on new global profit reallocation rules as well as continued efforts to impose a worldwide minimum tax to limit base erosion & profit shifting (BEPS)—and submit comments to ensure your voice is heard;
• Examine existing transfer pricing policies and consider amendments if these policies do not reflect economic realities;
• Remain cognizant of an increased focus on ESG initiatives, with an emphasis on transparency, corporate governance and sustainability; and
• Monitor what could develop on the US stage that will impact international tax rules.PFIC

Take a look at the full blog here. And for a more in-depth analysis of the issues discussed, consult this Bloomberg Tax article by Will Morris, The Gathering Storm? The other side of the COVID portal.