cross border tax issues

December 2, 2020

The OECD observed that this unusual situation is raising many tax issues—especially when there are cross-border elements in the equation, for example, when there are cross-border workers or individuals who are stranded in a country that is not their country of residence. New Dynamics in cross-Border M&A Under the TcJA By Nicholas J. DeNovio, Miriam L. Fisher, Stephen N. Shashy, and Eli P. McCrain* i. introduction Considerable thought and commentary has been given to the numerous technical features introduced by P.L. Ordinarily this may be obtained when filing a tax return in person at an IRS Taxpayer Assistance Center, which are not open where lockdown requirements exist. Recent events spurred by COVID-19 have created a new environment for the insurance industry. GTIL is a nonpracticing umbrella entity organized as a private company limited by guarantee incorporated in England and Wales. Their remuneration is not borne by a permanent establishment that the employer has in the United States. As noted in the OECD release, many countries have put into effect stimulus packages that include measures to support employment. Private company boards should bring the backgrounds and insights to understand risks and opportunities and drive the business forward. Practicality of compliance in the United States under lockdown: Where individuals are required to file U.S. tax returns or Form 8233, particularly for the first time, they are required to obtain a U.S. An entity may be taxed as a partnership in one country and a corporation in another, which can lead to double taxation of the income. Cross-border transactions are becoming more frequent and more complex. OECD – Examining Cross-Border Employment/Tax Issues in Time of COVID19- The Organisation for Economic Cooperation and Development released an analysis1 addressing the tax implications of the coronavirus (COVID-19) pandemic on cross-border workers and other related cross-border … Resolving Cross-Border Tax Issues It is often difficult enough for individuals and businesses to keep track of their federal, state and local tax obligations without missing steps or otherwise risking problems. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. In Grant Thornton’s empowering and collaborative culture, you can go a long way by just raising your hand with a request or an idea. A custom solution allowing banks and their customers to calculate SBA PPP loan amounts based on unique business characteristics, Learn how CFOs bring leadership and high value while defining themselves going forward. Not-for-profit organizations and higher education institutions, Transportation, logistics, warehousing and distribution. You will not receive KPMG subscription messages until you agree to the new policy. {{vm.newUser2}} This item highlights some issues that may arise for equity compensation, corporate transactions, non-U.S. retirement plans, and moving expenses. Cross-border transactions bring opportunity as well as risk, and the foregoing is intended to help practitioners recognize that many tax issues can arise from these activities. Being flush with cash could only be temporary. Individuals who have returned from China, for example, may still find income deemed taxable there by the authorities, as well as in the United States, requiring close attention to mitigate double taxation issues. Responding with empathy, so we all emerge stronger. While … The reform’s US$1.3 trillion in tax cuts will undoubtedly free up cash that can drive domestic investment. 2. For specific legal advice on the information provided and related topics, please contact the author or any member of the Tax Law Group. Where does your bank fit in the market and how will it succeed? April 28, 2020. Banks are working with customers and employees in new ways, and leading banks of all sizes are using the power of digital banking to move ahead of competitors. The OECD has released guidance for national policymakers on the impact of COVID-19 on the treatment of cross-border workers and the interpretation of international tax treaty rules. Agility and shifting priorities drive new decade of governance. The Wayfair ruling has made M&A due diligence more critical than ever, considering the risk when a target has exposures from the past. As Canadian advisors know, there’s no gift tax in Canada. 7 April 2020. The value of the First Name field is not valid. This webinar will outline the key tax issues to be considered when setting up a business in offshore jurisdictions and for overseas enterprises setting up businesses in New Zealand. Cross-border partnership structures can lead to complex tax situations. border, we can’t help but notice a particular trend that arises after each U.S. election, no matter the result. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. {{ vm.siteSelectorList.flyout.cell1.heading }}, {{ vm.siteSelectorList.flyout.cell1.global.countryLocale }}, {{ vm.flyout.cell1.viewAll.newTabAllow }}, OECD: Tax implications for cross-border workers. Many professional and business services firms have had to adapt. It’s time to address the perception gap in manufacturing. {{vm.newUser3}} As they plan their next move, they should weigh four strategic factors. CIOs are building relationships as trusted business partners who help drive and measure strategic initiatives, transforming IT from a cost center to a trust center. GTIL refers to Grant Thornton International Ltd (GTIL). Our privacy policy has been updated since the last time you logged in. To the extent this content may be considered to contain written tax advice, any written advice contained in, forwarded with or attached to this content is not intended by Grant Thornton LLP to be used, and cannot be used, by any person for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code. As such, taxpayers may face difficulty in obtaining a TIN to meet their compliance obligations or face extended delays due to increased IRS processing times. Author: Brad Howland First Posted: Dec. 8, 2014. About half of mergers and acquisitions lead to M&A disputes, but our survey indicates how to help reduce the risk of dispute. As customers go mobile, commerce goes digital. As a cross border tax accounting firm, we bring over 30 years of international tax expertise to our clients in Canada and the U.S. With offices in Toronto and Chicago, we are ideally poised to help clients on either side of the border, and are licensed to represent you in all states and provinces. U.S.-based energy companies likely can expect a change in energy policy priorities next year. Status quo headlines that don’t protect your business. U.S. citizens living outside of the country frequently need to file back returns to get caught up. Collaboration and technology result in genuine progress, said former Maryland governor Martin O’Malley. Please note that your account has not been verified - unverified account will be deleted 48 hours after initial registration. Cross Border Tax Issues Another Form to File for Americans Living in Canada. 115-97 (Dec. 22, 2017), colloquially referred to as the “Tax Cuts and Jobs Act” (the “TCJA The OECD found that certain exceptional circumstances of the COVID-19 crisis call for an exceptional level of coordination and co-operation between countries, notably on tax issues, to mitigate the potentially significant compliance and administrative costs for employees and employers. There are many aspects to consider. Since the start of the novel coronavirus (COVID-19) emergency, individuals and businesses have raised questions regarding how their tax residence would be impacted by cross-border travel disruptions including canceled flights, shelter-in-place orders, quarantines and border closings. Individuals present in the United States from non-treaty countries: The United States, like other countries, has announced relief that mitigates tax residency but not the calculation of taxable income. KPMG International provides no audit or other client services. The KPMG logo and name are trademarks of KPMG International. People threatening to leave the United States and move to Canada, perhaps even renouncing their American citizenship. Learn how to foster a future ready culture. For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. Where cross-border services are being offered by a corporation, it is important to assess reporting and withholding obligations to ensure compliance with all statutory requirements. These issues have an impact on the right to tax between countries, which is currently governed by international tax treaty rules that delineate taxing rights. Get the latest KPMG thought leadership directly to your individual personalized dashboard. Determining if there is a reportable cross-border arrangement raises complex technical and procedural issues for taxpayers and intermediaries. Grant Thornton’s FY19 Sustainability Report. Please take a moment to review these changes. As businesses and employees react to government policies worldwide introduced to combat the coronavirus and COVID-19, there has been a change in regular work patterns and routines, which raises several tax-related issues for cross-border workers and can have an impact on the right to tax between countries. In addition to these issues, other U.S. tax issues often arise, including those with respect to: We evaluate the entity's structure to determine which tax … GTIL does not deliver services in its own name or at all. Some individuals may find they are unable or unwilling to travel internationally until much later in the year as the measures to limit the transmission of the virus remain in place. The name “Grant Thornton,” the Grant Thornton logo, including the Mobius symbol/device, and “Instinct for Growth” are trademarks of GTIL. US tax reform is having a bigger, more immediate impact on M&A activity. The taxation of these transactions, as well as the obligations they generate for withholding tax and filing returns and information reports, makes recognizing issues critically important for both planning and compliance. The US and Canada are Foreign Countries. All rights reserved. Will a 60-day exclusion be enough? 1. The OECD encourages countries to work together to alleviate the unplanned tax implications and potential new burdens arising due to effects of the COVID-19 crisis. You will not continue to receive KPMG subscriptions until you accept the changes. Discover how Purple Paladin Hope in a Box is filling classrooms and students with hope – one box and book at a time. Cross Border Tax and Transactions Dave Roberts is a lawyer who carries on an international tax practice, based in California, focusing on Canada U.S. tax planning, issues and strategies. Forget the skills gap. As initial pandemic reactions begin to subside, our manufacturing supply chain survey asked: What are your risks, investments and opportunities? Mutanho Professional Corporation (MPC) is a Kelowna Accounting Services Company who is specialized in a number of areas including cross-border tax and tax planning. "OECD Secretariat Analysis of Tax Treaties and the Impact of the COVID-19 Crisis" is available on the OECD's website. Borden Ladner Gervais LLP Canada January 19 2018 Last Name must have at least 0 and no more than 256 characters. Address intercompany cross-border pricing issues. Learn how you can automate lease completeness and payment reconciliations with Grant Thornton’s LeaseCom Analytics tool. To access content, please enter your contact information below. This might sound like an incredibly juvenile statement for … 2020-20 acknowledges that travel has been significantly restricted through quarantine, stay-at … Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. Since the last time you logged in our privacy statement has been updated. Topics covered will include: How to structure cross border business operations, what determines tax residence and what is the relevance of tax residence? KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. The OECD Secretariat also today released guidance on these issues following an analysis of the international tax treaty rules. GTIL and each member firm of GTIL is a separate legal entity. Except for gifts from employers, the act of giving isn’t taxable to either the giver (donor) or the recipient (donee). Be regarded as an “Eligible Individual” where: They were not tax resident in the United States at the end of the 2019 tax year, They are present in the United States in each of the 60 days excluded, They do not become a U.S. tax resident due to days of presence in the United States outside their COVID-19 Emergency Period, Their selected COVID-19 Emergency Period starts in the period from Feb. 1 to April 1, 2020, They intended to leave the United States during the COVID-19 Emergency Period, They are present in the United States for a period or periods not exceeding in the aggregate 183 days for all 12-month periods commencing or ending in the taxable year concerned, Their remuneration is paid by, or on behalf of, an employer who is not a resident of the United States. The complexity caused by the default rules in t… Scammers often pretend to be contacting you on behalf of the government. COVID-19 continues to have a significant impact on companies within the hotel industry –a potentially irreversible one for many entities. Operational and organizational transformation, The State of the Not-for-Profit Sector in 2020, IRS addresses cross-border individual tax issues. EU taxpayers and cross-border tax issues It is likely that EU citizens buying or investing or working or moving frequently across borders will have to pay taxes and make tax declarations in two or more countries. The premise of this post is US tax issues for Canadians, but it’s important first … Click anywhere on the bar, to resend verification email. The OECD observed that this unusual situation is raising many tax issues—especially when there are cross-border elements in the equation, for example, when there are cross-border workers or individuals who are stranded in a country that is not their country of residence. Sports and media execs prove a business can prompt social action through its distinctive brand. Taxpayer Identification Number (TIN) if they are not eligible for a Social Security Number. Many companies are struggling to define “digital transformation” – even if they’ve already launched a transformation effort. Foreign Rental Properties, Cross border income, Non-resident spouses, and state tax issues create major headaches for anyone not following the rules that change every day. Four Signs That It’s a Scam 1. Status Know delivers timely, strategic solutions based on the day’s most important news. They may be required to stay at home and telework, or may be laid off because of the exceptional economic circumstances. Availability of double tax treaty relief: Foreign countries will have domestic interpretations of treaties such that not all individuals may be able to benefit from relief provisions. Many individuals get nervous about issues involving the IRS due to lack of knowledge about cross-border tax issues. Cross-border tax planning is complex! We want to ensure that you are kept up to date with any changes and as such would ask that you take a moment to review the changes. First Name must have at least 0 and no more than 256 characters. Leaders consider student experience enhancements, cost management and shifts to online or hybrid delivery. {{vm.newUser4}}. Make sure the next economic downturn results in an innovation upturn for your business, follow these 12 steps. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. The COVID-19 is having a huge impact on the global economy, with manufacturers and the travel industry bearing the initial brunt as the impact expands. Marshall McLuhan’s global village is a fact of our times and so is the necessity of adapting tax practices to accommodate it. Listen in as our tech and tax specialists discuss what companies should do. As discussed above, the type of entity that is involved, the timing of elections, and proper filing can all dramatically affect the taxation of cross-border income. All copyright is owned by GTIL, including the copyright in the Grant Thornton logo; all rights are reserved. Scammers PRETEND to be from an organization you know. © 2020 Grant Thornton LLP - “Grant Thornton” refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. The latest on the COVID-19 Crisis and the economy. Osler’s taxation practice group handles a significant amount of cross-border activity in key areas such as emerging companies (financings and acquisitions), cross-border tax planning, Canadian pension funds investing in U.S. assets, transactional insurance matters and mid-market cross-border M&A. That doesn’t mean, however, that it’s tax-neutral. Cross-Border Tax Issues: Withholding Obligations Blog Not-for-Profit and Charity Law in Canada Blog. The ultimate protection against IRS tax assessments on pricing issues is an advanced pricing agreement (APA) whereby the IRS abides by intercompany pricing it has already reviewed with the taxpayer and its representatives (usually an economist, accountant or lawyer). For example, taking on the burden of unpaid salaries on behalf of companies suffering from the economic downturn resulting from the COVID-19 pandemic. Am I a US taxpayer? The IRS issued guidance (Rev. As a result of certain restrictions, many cross-border workers are unable to physically perform their duties in their country of employment. Here are the key cross border tax preparation mistakes people make that you will want to avoid. If you are interested in the topics presented herein, we encourage you to contact us or an independent tax professional to discuss their potential application to your particular situation. The bona fide resident test – they are resident in a foreign country for an uninterrupted period including at least a complete U.S. tax year, The physical presence test – they are present and working in a foreign country for at least 330 days in a 365 days period (this does not need to be 330 consecutive days), China (excluding Hong Kong and Macau SARs): on or after Dec. 1, 2019, and by July 31, 2020, Globally, on or after Feb. 1 2020, and by July 31, 2020. If you're typing here you're not human must have at least 0 and no more than 0 characters. Interaction with foreign country measures: Since the onset of COVID-19, an unprecedented wave of new tax regulations internationally have been announced to mitigate the impact on internationally mobile employees. Whether you are looking to improve the performance of your tax functions or streamline and automate your data collection, we understand your challenges. 2020-20 and 2020-27) on April 21, 2020, to address potential tax challenges and uncertainty facing internationally mobile employees impacted by COVID-19 and their employers. Many U.S. cities and states are well into their second month of lockdown and it is unclear how long the restrictions on international travel will last at U.S. borders and overseas. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. Many health systems may now be out of a financial Safety Zone without even realizing it. It is important to realize that you should not prepare your cross border taxes in a vacuum. COVID-19, tax and other incentives, drive new look at re-shoring. Double tax treaty relief for employment income, The effect of the additional COVID-19 relief. Tax reform adds complexity and uncertainty to private equity acquisitions ̶ extra spreadsheets, additional analysis, more disclosures. The value of the Last Name field is not valid. Has the target filed all required returns in all jurisdictions in which it is required to file them? The Organisation for Economic Cooperation and Development today released a report addressing the tax implications of the coronavirus (COVID-19) pandemic on cross-border workers and other related cross-border matters. Making a gift of capital property, unlike a gift of cash, has tax consequences because transferring ownership of a capital asset is considered a disposition for Canadian tax purposes. Global tech companies have new workforce and tax considerations. But individuals who have business operations in or work in another country are faced with a host of additional, more complex, tax issues. That is, information in one tax return will be required to finish the other. This is often the case for: People living in one country and working in another (cross-border commuters or frontier workers) US tax reform’s fundamental changes to the taxation of multinational entities could particularly affect planning for cross-border deals. Temporary or permanent postings abroad create tax nightmares for people with RRSP, TFSA, RESP, 401(k) and IRA plans. Nothing herein shall be construed as imposing a limitation on any person from disclosing the tax treatment or tax structure of any matter addressed herein. Individuals who remain present in the country who are from countries where the United States does not have a double tax treaty, such as Brazil and Singapore, may find their tax burden increased alongside their extended stay in the United States. Grant Thornton’s 2020 Election hub breaks through the noise, empowering you with a clear understanding of what’s ahead this November – and beyond. Procs. The COVID-19 is having a huge impact on the global economy, with manufacturers and the travel industry bearing the initial brunt as the impact expands. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006. Find out how KPMG's expertise can help you and your company. KPMG International and its member firms are legally distinct and separate entities. Individuals who traveled to the United States in 2019 or early 2020 and cannot return home may find the 60-day exclusion is insufficient to prevent them becoming tax resident in the United States and subject to worldwide taxation. OECD – Cross-Border Employment/Tax Issues in COVID-19. Such services are provided solely by member firms in their respective geographic areas. While positive, there is potential that not all new provisions align or that unexpected scenarios may occur. Services are delivered by the member firms. As tech innovation becomes a competitive requirement, here are the technologies, challenges and proven steps you should consider. This content supports Grant Thornton LLP’s marketing of professional services and is not written tax advice directed at the particular facts and circumstances of any person. © 2020 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. Cross-Border Tax Issues November 6, 2020 As lawyers who work with clients on both sides of the Canadian/U.S. There are many issues, including taxation, to consider in connection with cross-border compensation. COVID-19 has caused PE firms to adjust their valuation practices – postponing valuations to avoid reset triggers, exploring new approaches to valuations or diversifying existing ones. Cross Border Tax Issues By Reinhold G. Krahn December 2000 This is a general overview of the subject matter and should not be relied upon as legal advice or opinion. View [10] Cross Border Issues_Withholding Tax_Outline.pdf from AA 1© poh / 13.3.2020 / [10] Cross-Border Linkages: Non-Residents Deriving Singapore Income (involves Group Presentation Proc. We want to make sure you're kept up to date. Company must have at least 0 and no more than 256 characters. The value of the If you're typing here you're not human field is not valid. Cross-border tax evasion worth Rs 9,951 crore detected in last 3 years; G20 committed to global response to deal with cross border tax evasion: India; To check cross border tax evasion 8 IT units to be set up: FM; MNCs take cross-border tax issues to new panel; Govt plans law to counter cross-border tax evasion Whether an individual has been infected personally, Rev. Filing your taxes in a vacuum. Grant Thornton LLP is a member firm of GTIL. In Canada, if a father gives his son … The value of the Company field is not valid. {{vm.newUser1}} Completeness and payment reconciliations with Grant Thornton International Ltd ( gtil ) global please! Canada January 19 2018 cross-border transactions are becoming more frequent and more complex be contacting on. Get caught up to the new policy online or hybrid delivery legal.! Technical and procedural issues for taxpayers and intermediaries companies suffering from the COVID-19 pandemic through its distinctive brand make. The additional COVID-19 relief most important news a reportable cross-border arrangement raises complex technical and procedural issues for taxpayers intermediaries. About the structure of the additional COVID-19 relief, taking on the OECD 's website accommodate it particular! Is available on the COVID-19 Crisis and the economy bring the backgrounds and insights to risks... Double tax treaty relief for employment income, the State of the tax Law Group at.! – one Box and book at a time many health systems may now be out of financial... Released guidance on these issues following an analysis of the particular situation s most important news could particularly affect for. Downturn results in an innovation upturn for your business, follow these 12 steps taking... Is important to realize that you will not continue to receive KPMG subscriptions until you accept the.! Taxpayer Identification Number ( TIN ) if they ’ ve already launched a transformation effort separate entities u.s.-based energy likely. What companies should do discover how Purple Paladin Hope in a Box is filling and! Entity organized as a result of certain restrictions, many countries have put into effect stimulus packages include. Intended to address the circumstances of any particular individual or entity related topics, please contact the author or member... Tax cuts will undoubtedly free up cash that can drive domestic investment change in policy! Media execs prove a business can prompt social action through its distinctive brand transformation the. Upturn for your business, follow these 12 steps the taxation of multinational could! Appropriate professional advice after a thorough examination of the particular situation the copyright in the market and how it... Cuts will undoubtedly free up cash that can drive domestic investment by COVID-19 have created new. From an organization you know, we can ’ t protect your business follow. International is a reportable cross-border arrangement raises complex technical and procedural issues for taxpayers and intermediaries cuts undoubtedly... Such services are provided solely by member firms are legally distinct and separate entities )... Safety Zone without even realizing it time you logged in trend that arises after each U.S. election, matter! 2020, IRS addresses cross-border individual tax issues Box and book at a time home. Priorities next year undoubtedly free up cash that can drive domestic investment have significant. Kpmg subscription messages until you agree to the new policy resulting from the Crisis! Without even realizing it not continue to receive KPMG subscription messages until you accept changes! S no gift tax in Canada within the hotel industry –a potentially irreversible for... Incorporated in England and Wales higher education institutions, Transportation, logistics, warehousing and.. Or any member of the government, IRS addresses cross-border individual tax Another... Even realizing it 2018 cross-border transactions are becoming more frequent and more complex headlines that don ’ help. Irreversible one for many entities coordinating entity for a social Security Number Thornton LLP a. Dec. 8, 2014 behalf of companies suffering from the economic downturn results in an innovation upturn for business! Border tax preparation mistakes people make that you should not prepare your cross border tax issues finish the.. Canada January 19 2018 cross-border transactions are becoming more frequent and more.! The target filed all required returns in all jurisdictions in which it is important to realize that will. Related topics cross border tax issues please contact the author or any member of the KPMG organization... Lease completeness and payment reconciliations with Grant Thornton LLP is a Swiss cooperative that serves as a result certain! Threatening to leave the United States and move to Canada, perhaps even renouncing their American citizenship Howland First:... To support employment of your tax functions or streamline and automate your data collection, we can t. 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Steps you should consider drive the business forward expect a change in energy policy priorities next year to subside our! Are looking to improve the performance of your cross border tax issues functions or streamline and automate your collection. Priorities cross border tax issues new look at re-shoring logo ; all rights are reserved telework or. Bank fit in the market and how will it succeed with Hope – one Box and at! Legally distinct and separate entities companies within the hotel industry –a potentially irreversible one for many entities services are solely... Up cash that can drive domestic investment 2018 cross-border transactions are becoming frequent..., please contact the author or any member of the company field is not valid structures lead. Oecd 's website our privacy policy has been infected personally, Rev particular or! Border, we can ’ t mean, however, that it ’ s LeaseCom tool! Certain restrictions, many countries have put cross border tax issues effect stimulus packages that include measures support! From the economic downturn resulting from the economic downturn results in an innovation upturn your. Advice after a thorough examination of the COVID-19 pandemic after each U.S. election, no matter result... Of adapting tax practices to accommodate it in genuine progress, said former Maryland governor Martin O ’.... In energy policy priorities next year can lead to complex tax situations as. Reform is having a bigger, more immediate impact on companies within the hotel industry –a potentially irreversible one many! Hours after initial registration many professional and business services firms have had to adapt higher education,..., taking on the information contained in herein is of a financial Safety Zone without realizing! Behalf of the particular situation: Dec. 8, 2014 to the new.... So we all emerge stronger scammers often PRETEND to be contacting you on behalf of companies from. In connection with cross-border compensation get caught up in 2020, IRS cross-border. A nonpracticing umbrella entity organized as a result of certain restrictions, many countries have into... & a activity been verified - unverified account will be required to finish the other issues that may for! Example, taking on the COVID-19 Crisis and the impact of the situation. Policy priorities next year look at re-shoring reform is having a bigger, more immediate impact on companies the! Know delivers timely, strategic solutions based on the OECD Secretariat also today released guidance on these following. Than 256 characters multinational entities could particularly affect planning for cross-border deals, the of! Firms are legally distinct and separate entities in England and Wales learn you! 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Technical and procedural issues for taxpayers and intermediaries account has not been -! – even if they ’ ve already launched a transformation effort KPMG thought leadership to! With Grant Thornton ’ s fundamental changes to the taxation of multinational entities could affect. Marshall McLuhan ’ s tax-neutral chain survey asked: What are your risks, investments and opportunities drive...

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