Historically, many multinational groups implemented common cross-border structures to manage their global effective tax rate and cash tax liability. As a result of U.S. and global tax reforms, many of these structures are no longer tax efficient.
In this 24-minute video, KPMG Principal Tom Zollo provides insights on BEPS 2.0 Pillar 1 and Pillar 2 developments, the potential impact on U.S.-based multinationals and common tax structures, and what may be coming next in 2022. KPMG Partner Bruce Stelzner hosts the video and outlines how U.S. tax legislative developments may be affected.
As the BEPS 2.0 landscape continues to change, the latest developments can be found on KPMG TaxNewsFlash—BEPS.
Stay tuned for additional retrofitting cross-border tax video discussions that highlight considerations companies should bear in mind when replacing or retrofitting structures that are now vulnerable due to recent (and possible future) tax legislative changes.
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This video was recorded on January 14, 2022.
