Cross-border Tax Talks Global tax policy: searching for stability and certainty
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Jan 8, 2025 Will Morris, PwC’s Global Tax Policy Leader and former Director of Global Tax Policy at General Electric, shares insights on the intricate world of global tax policy. He discusses the intersection of tax and trade, emphasizing the need for a cohesive strategy amidst geopolitical shifts. Will also delves into digital services taxes and their potential impact on multinational corporations. The conversation touches on Pillar Two, highlighting how the UnderTaxed Payments Rule could reshape the landscape, and the evolving role of the UN in global tax reforms.
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Communicating Tax Risks
- Communicate macro-level events and their tax implications to stakeholders.
- Connect direct tax, indirect tax, customs, trade, and tariff teams for comprehensive risk assessment.
Navigating Uncertainty
- Certainty in tax policy is declining, impacting long-term business decisions.
- Companies must adapt to uncertainty, focusing on no-regrets planning and clear communication.
France's DST and U.S. Tariffs
- France's DST led to a 301 investigation and tariff threats under the Trump administration.
- A standstill was reached, with France collecting DSTs and the U.S. holding potential credits.
