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First published in Wall Street Journal, 31 May 2017
Finance chiefs at multinational firms are altering their tax plans or delaying decisions amid potential changes to the U.S tax system.
According to the participants of the survey—a total of 136 finance and tax chiefs working at multinational companies in the Americas, Europe and Asia—the transition towards a new tax system will be the most challenging issue for international firms.
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It is unsurprising that CFOs and tax directors are pausing for thought, or altering plans as we wait to find out the full extent and details of potential U.S. tax changes… As we await ore thorough proposals, U.S. multinationals are somewhat scrambling in the dark, and are rightly concerned about potential impacts from what may prove to be dramatic tax reform.