Major tax department challenges:
US tax legislation: Understanding and planning for the implications stemming from OB3, and anticipating and preparing for future legislation.
Global reform: The implementation of BEPS 2.0 Pillar Two, future developments post-Pillar One, and global trends like the UN's agenda on cross-border services withholding tax all demand strategic attention and adaptation.
Regulatory disruption: New guidance under the Inflation Reduction Act and the Corporate Alternative Minimum Tax, alongside potential new regulations, require agile responses.