The domestic production deduction is a significant element of the new US corporate tax legislation. It has transfer pricing implications which are not yet completely clear, explain Sean Foley, Anne Welsh and Thomas Herr of KPMG LLP (US)
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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.