KPMG report: Managing multilateral controversy
Strategies and best practices found to be successful in approaching tax controversies with multilateral dimensions
Strategies and best practices found to be successful in approaching tax controversies
Multilateral tax issues are on the rise—and not just in headline-grabbing base erosion and profit shifting (BEPS) 2.0 developments.
Changes in how businesses and tax authorities operate have led to an increased reliance on, and scrutiny of, operating models in which ostensibly bilateral transactions in fact implicate more than two jurisdictions. Such operating models are common, although the issues they raise are not always framed as multilateral issues by tax authorities.
An article written by KPMG tax professionals and that appeared in Bloomberg’s Tax Management International Journal (5 November 2021) lays out common scenarios and describes the strategies and best practices found to be successful in approaching tax controversies with multilateral dimensions.
Read the November 2021 report [PDF 295 KB] provided with permission of the publisher
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.