US President Donald Trump’s threats to impose tariffs and duties on imports have dealt a blow to the security and longevity of the North American Free Trade Agreement (NAFTA). Pending renegotiations between the US, Canada and Mexico are becoming a cause for concern for companies.
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Pillar two might be top of mind for many multinational companies, but the huge variations between countries’ readiness means getting ahead of the game now, argues Russell Gammon, chief solutions officer at Tax Systems.