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20 December 2018 US tax reform may complicate supply chain issues One of the key goals of the US Tax Cuts and Jobs Act (TCJA) is to encourage companies to invest and create more jobs in the United States. The new tax law contains several international tax provisions that work as “carrot” or “stick” to encourage the expansion and relocation of business functions, assets and intellectual property activities in the US, while discouraging their location elsewhere. These legislative changes, combined with a complex and evolving global tax environment, have widespread implications for how and where businesses operate, invest, and deliver products and services. Multinational corporations should examine the Tax Cuts and Jobs Act’s international tax changes closely, as they may lead to greater risk in transfer pricing. Document ID: 2018-6561 |
