Overview
Uncertainty and change are the themes of tax planning today, as ongoing negotiations on international tax agreements are leaving multinationals unsure which way the wind is blowing. Many countries have different views about how to tax multinational enterprises, sometimes enacting unilateral tax measures in the background of global tax reform efforts.
In an article by Tax Notes International titled, "Tumultuous Tax Planning Future Forecast for Multinationals," Steptoe partner Amanda Varma was quoted on how businesses are responding to these swings in taxation, and how they operate and use tax planning vehicles.
"Previously, companies were taking more aggressive stances, but they are now putting their guard up, trying to play defense as tax policies change around them, and trying to protect themselves from the possibility of double taxation," said Varma.
The full article can be read on Tax Notes (subscription required).
