Tax and M&A: M&A tax strategies face tougher scrutiny - .PDF file.
Aggressive tax management by multinationals, however legal, is in the public and political spotlight like never before, presenting clear reputational risks for mergers and acquisitions (M&A) dealmakers. But how far will promised reforms go?
Politicians like to link themselves to issues that demonstrate they have their fingers on the pulse of public opinion. But it remains relatively rare to see an issue rise up the public and the political agenda at the same rapid pace.
So when it does — as it has, in recent months, with the thorny issue of aggressive cross-border tax management by some of the world’s biggest corporations — it is fair enough to expect action…
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