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

The threat of 50% tariffs on Brazilian goods coincides with new Brazilian legal powers to adopt retaliatory economic measures, local experts tell ITR
The country’s chancellor appears to have backtracked from previous pillar two scepticism; in other news, Donald Trump threatened Russia with 100% tariffs
In its latest G20 update, the OECD also revealed tense discussions with the US where the ‘significant threat’ of Section 899 was highlighted
The tax agency has increased compliance yield from wealthy individuals but cannot identify how much tax is paid by UK billionaires, the committee also claimed
Saffery cautioned that documentation requirements in new government proposals must be limited if medium-sized companies are not exempted from TP
The global minimum tax deal is not viable without US participation, Friedrich Merz has argued
Section 899 of the ‘one big beautiful’ bill would have spelled disaster for many international investors into the US, but following its shelving, attention turns to the fate of the OECD’s pillars
DLA Piper’s co-head of tax for the US and Latin America tells ITR about her fervent belief in equal access to the law, loving yoga, and paternal inspirations
Tax expert Craig Hillier agrees with the comparison of pillar two to using a sledgehammer to crack a nut
The amount is reported to be up 57% from the £5.6bn that the UK tax agency believes was underpaid in the previous year
Gift this article