United States
The US itself was the biggest loser of tax revenue to American multinationals’ profit shifting, the Tax Justice Network reported; in other news, firms made key tax hires
The president described it as ‘one of the most important cases in the history of our country’; in other news, Portugal established a VAT group regime
Simpson Thacher & Bartlett and MinterEllisonRuddWatts were among the firms that advised on the deal
The US’s GILTI regime will not be forced upon American multinationals in foreign jurisdictions, Bloomberg has reported; in other news, Ropes & Gray hired two tax partners from Linklaters
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Sponsored by Deloitte Transfer Pricing GlobalJobst Wilmanns and Anodri Suchdeve of Deloitte preview ITR’s upcoming transfer pricing change management guide, produced in collaboration with global transfer pricing industry experts from Deloitte. -
Sponsored by KPMG USMark Martin and Thomas Bettge of KPMG in the US describe a July 13 2021 IRS advice memorandum and how its conclusions create risks for taxpayers that true-up unshared stock-based compensation costs under cost sharing arrangements.
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Sponsored by Chevez Ruiz ZamarripaJimena González de Cossío Higuera of Chevez Ruiz Zamarripa explains how global businesses have been forced to adapt their M&A activity owing to the coronavirus pandemic.
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