Panelists See Int'l Tax Landscape Shifting Toward Chaos

Law360, Washington (November 20, 2017, 7:24 PM EST) -- A lack of clear consensus on international tax rules, unilateral measures such as the U.K.'s diverted profits tax and other factors are contributing to an increasingly chaotic and uncertain environment for multinational companies, tax practitioners said.

The Organization for Economic Cooperation and Development's BEPS project to combat tax base erosion and profit shifting was intended to get countries to agree on common tax principles, Manal Corwin of KPMG LLP in Washington, D.C., said Friday. She and others at an American Tax Policy Institute conference in Washington described the current landscape for multinationals as one of increased uncertainty and tension, due in...

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