Deloitte's "International taxes: Seismic changes may be coming" explains the pending OECD international tax scheme initiative; identifies the many types of companies and business operations that may be impacted; and describes the associated risk and strategic planning implications. While the ultimate outcome is subject to multiple influences and still very much uncertain, the briefing motivates management's active engagement concerning the initiative with relevant industry trade groups and business organizations, and suggests a number of sound considerations for boards that promote risk mitigation and informed strategic planning.
See e.g., "Corporate Tax Chiefs Voice Concerns About Global Minimum Tax Proposal," "France Vows Retaliation as Luxury Industry Braces for U.S. Tariffs," and "Trump Administration Proposes Tariffs Against $2.4 Billion of French Goods" from the WSJ; "US threatens tax on champagne and French cheese" from BBC News; and additional information & resources on our Risk Management & Oversight and Strategy pages. This post first appeared in the weekly Society Alert!