Tax liabilities to fluctuate under alternative rates after Libor is phased out

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Tax liabilities to fluctuate under alternative rates after Libor is phased out

Danish Mehboob
April 17 2019
libor

Tax professionals are concerned about a rising tax burden from adjusting profit and loss (P&L) statements after regulators axe the London inter-bank offered rate (Libor), mainly from trying to re-negotiate legacy inter-company loan contracts.

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Danish Mehboob
Senior Reporter ITR
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Danish reports on all matters of direct tax and BEPS. He covers a range of tax issues in these areas and what multinationals are doing to manage the tax burdens. Danish also specialises in tax technology and data management.
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