Tax contingency planning for a crisis in the eurozone

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Tax contingency planning for a crisis in the eurozone

euro-notessmall.jpg

Tax directors will be called on to advise their business colleagues on some tricky structuring questions if a member of the eurozone is forced out of the currency union.

It has not happened yet, but only the unwise would dismiss the possibility of one or more member states having to leave the EU’s currency union. The immediate risk may have receded but speculation is never far away.

If it happens companies will have to be prepared for it. Their contingency planning will have to be robust, not least when it comes to their tax arrangements.

An exit for any eurozone member is likely to have implications for all aspects of a company’s tax risk management.

Companies with operations in any member state that has exited will have to examine its international tax structuring and planning that takes in other member states that remain inside the currency union.

For the same reason, supply chain management, treasury operations and legal ramifications are unlikely to remain unscathed either.

International Tax Review is hosting a web seminar in December that will see specialists from Ernst & Young look at all of these issues and offer guidance about how tax departments can contribute to their company’s contingency planning for a crisis in the eurozone.

Participate in the web seminar by signing up on International Tax Review’s website.



more across site & shared bottom lb ros

More from across our site

Wim Wuyts, who had been head of the specialist tax network since 2017, is moving on to a new role with WTS’s Belgian member firm
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process
The Institute of Chartered Accountants in England and Wales also queried whether HMRC resources could be better spent scrutinising larger entities
Grant Thornton’s Austria tax head likens his practice to an escape room, shares his football coaching ambitions, and explains why tax is cool
Awards
ITR is delighted to reveal all the shortlisted nominees for the 2025 EMEA Tax Awards
Awards
ITR is delighted to reveal all the shortlisted nominees for the 2025 Asia-Pacific Tax Awards
The fates of pillars one and two hang in the balance after the US successfully threw its weight around in G7 and Canadian negotiations
Rafael Tena tells ITR about the ‘crazy’ Mexican market, ditching the hourly rate, and refusing to grow his fledgling firm in an ‘unstructured way’
It should be easy for advisers to be transparent about costs, Brown Rudnick partner Matthew Sharp said in response to exclusive ITR in-house data
The sprawling legislation phases out Joe Biden-era green tax incentives for businesses; in other news, the UK will reportedly maintain its DST despite US pressure
Gift this article