If you have ever attended the Plante Moran North American International Tax Conference, you’ve undoubtedly heard about important changes in international tax legislation. The conference was a hub for networking and critical updates on international tax developments. There were more than 400 participants, including dozens of tax professionals and government officials. If you’re looking to expand your global contacts, this event was a must-attend. Find out what you can expect at the next edition of the Plante Moran North American International Tax Conference.
While keeping up with the latest tax developments around the world can be difficult, you can benefit from a comprehensive analysis of selected legislative changes, case law, and treaty developments each month. This seminar provides a detailed analysis of key developments, such as new tax laws, and can help you minimize your risk. The conference will also explore changes in tax law for the technology industry, particularly with respect to global R&D investments and uncertainty regarding global tax laws.
The event also included presentations on key international tax developments and a panel discussion with two leading experts, Aurobindo Ponniah and Jennifer Chang. Participants learned how to develop an effective tax strategy by understanding these key factors. By doing so, companies can optimize their business practices, improve their tax compliance, and make smarter tax decisions. The event also explored the role of global financial centers in the global economy. In fact, the Labuan IBFC recently hosted a webinar on BEPS and its effects on the business environment.
The Made in America Tax Plan is designed to help U.S. companies compete on a global stage by curbing profit shifting and countering the effects of tax competition on corporate income tax rates. Countries compete for the business of multinationals by lowering corporate tax rates. The Made in America Tax Plan is also designed to increase incentives for other countries to join a multilateral global tax agreement, which would create a minimum tax rate and deny U.S. deductions for related-party payments.
The Nexus approach uses indicators to determine taxing rights in other countries. Pillar One applies to digitalised and consumer-facing businesses. Pillar Two focuses on a more expansive range of business activities, and seeks to impose a minimum tax rate on all international business. While this approach could benefit developing countries, it may be detrimental to developed nations. The Nexus approach is a great example of how international business rules are changing.