Legislative attempts to simplify the corporate tax code have only created additional layers of new rules and concepts on top of previous ones. As new U.S. international tax regulations are proposed or enacted, complexity will likely increase further. Compounding the international tax challenges, the OECD’s two-pillar approach to modernizing the global tax system requires multinational companies to consider the different paths countries are taking in response to OECD efforts.
As businesses struggle to evaluate the impacts of these shifting tax rules, the days of back-of-the-envelope calculations for analyzing tax law changes are gone. Today, reliable planning requires models that are tailored, nimble, and sophisticated. That’s why KPMG’s “right-sized” adaptive tax modeling approach focuses on making the model yours.