The evolving treasury and international tax landscape makes it important to revisit the tax treatment of finance and treasury transactions. In particular, a group should review its CIR position in light of the impact of the covid-19 pandemic. Increased foreign exchange volatility means a group should ensure it is appropriately hedged from a tax perspective. Treasury teams may need supporting when refinancing debt, including for both external and internal hedging strategies if looking to take advantage of historically low euro interest rates. A group’s VAT strategy should be reviewed in light of Brexit. Transfer pricing positions should be reviewed and potentially redocumented following new OECD guidance.
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The evolving treasury and international tax landscape makes it important to revisit the tax treatment of finance and treasury transactions. In particular, a group should review its CIR position in light of the impact of the covid-19 pandemic. Increased foreign exchange volatility means a group should ensure it is appropriately hedged from a tax perspective. Treasury teams may need supporting when refinancing debt, including for both external and internal hedging strategies if looking to take advantage of historically low euro interest rates. A group’s VAT strategy should be reviewed in light of Brexit. Transfer pricing positions should be reviewed and potentially redocumented following new OECD guidance.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
