More multinationals will switch their operational structure from a commissionaire to a limited risk distributor (LRD) in response to the OECD base erosion and profit shifting (BEPS) initiative, advisers expect. This would make calculating VAT less complex from an accounting perspective.
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The OECD’s project was up for debate as Matt Williams spoke to ITR following BDO’s tax strategist survey, which uncovered increased complexity and costs among multinationals