Company Tax Planning Sidetracked by Growing Global Discord

Multinationals are increasingly becoming embroiled in disputes with tax authorities around the world and spending less time on planning and strategy amid growing trade and economic concerns.

As a result, tax certainty now outweighs tax incentives in their hierarchy of investment considerations.

“Tax uncertainty is a cost,” said Aldo Mariani, head of global tax dispute resolution and controversy services at KPMG International. “Both in terms of the tax that could be at stake, including potential increases through interest and penalties, as well as the resources that have to be dedicated to tax audits and disputes. Higher costs are a burden.” ...