Exchange Episode: Roadmapping to Overcome VAT Data and Reporting Challenges
Vertex and Thermo Fisher panel session.
Autumn has arrived, and we still don’t know much about the specifics of U.S. tax reform. So what can we say about it? Not much, at least not definitively, but there are five general statements we can make about tax reform and how it might affect companies:
There are many proponents of achieving tax reform this year, but given the time we have left, the likelihood that everyone can agree on how to get there seems optimistic at best. This uncertainty is affecting corporate tax departments and their ability to plan and advise their businesses. While tax professionals remain hopeful that tax reform will occur this year, they remain in a wait-and-see mode, at least for now.
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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