eTail West: The Virtual Summit & Expo for E-commerce & Omnichannel Innovators
The Virtual Summit & Expo for eCommerce & Omnichannel Innovators
U.S. Federal Tax reform continues to dominate the strategic thinking of tax leaders in the United States and abroad, as foreign headquartered MNCs are also evaluating the impact of this reform on their U.S. operations. In the United Kingdom, for example, British American Tobacco Plc, Royal Dutch Shell Plc, and BP Plc have all indicated they will provide more detail later this year on how the new U.S. tax law affects their bottom lines, according to a BNA Bloomberg article. Although still evaluating, they have been able to conclude that it does appear to make the U.S. a more attractive place to do business, which could have some U.S. headquartered MNCs, especially technology companies, reorganizing their operating structures.
Although the intense focus on the new U.S. tax law is entirely justified today tax executives of both U.S. and foreign MNCs will want to make sure it doesn’t obscure other tax developments that bear monitoring this year. The article zeros in on four additional key developments to watch in 2018:
The critical role of the tax department of today is due to the dynamics of disruptors — global changes in legislation, technology, NGOs, media spin, etc. — which put even more pressure on tax not only to be able to manage tax liability and reputational risk, but also serve as a strategic business advisor.
Please remember that the Tax Matters provides information for educational purposes, not specific tax or legal advice. Always consult a qualified tax or legal advisor before taking any action based on this information.
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