More multinationals will switch their operational structure from a commissionaire to a limited risk distributor (LRD) in response to the OECD base erosion and profit shifting (BEPS) initiative, advisers expect. This would make calculating VAT less complex from an accounting perspective.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
Scott Bessent reportedly felt undermined by Musk naming Gary Shapley as acting IRS commissioner; in other news, Baker Tilly will combine with a top 15 US firm
Despite garnering significant revenues from multinationals, Italy’s digital services tax presents pressing double taxation issues, say Stefano Simontacchi and Francesco Saverio Scandone of BonelliErede