New York, NY (22 November 2021)
Valuation Research Group (VRG), a leading global provider of independent valuation, advisory, and value-related services, is pleased to announce that Tom Gottfried from U.S.-based member firm Valuation Research Corporation, is published in Bloomberg Tax. In the article, “With Global Tax Deal Close, It’s Time to Assess Implications,” he discusses the OECD-sponsored overhaul of global tax regimes.
In early October, an overwhelming majority of countries in the OECD Inclusive Framework on Base Erosion and Profit Shifting (IF) preliminarily committed to a two-pillared plan intended to make the global playing field more level and discourage “races to the bottom,” where certain jurisdictions create tax havens for corporate entities.
The IF is not a done deal by any stretch. But the stakes are high, and MNEs that want to be ready may want to consider evaluating its possible impact on their tax liability and work with valuation professionals and other professional service providers to incorporate the impact of the implementation into their long-term strategic planning accordingly.
The full article is available on the Bloomberg Tax website.
Valuation Research Group (VRG) is a global valuation practice that furnishes expert and independent opinions of value for solvency, fairness, business enterprises, intangible assets, capital stock, equity interests, real estate and fixed assets. VRG has a network of over 1,300 professionals located in offices throughout continental Europe and the United Kingdom, Brazil, China, India, Mexico, Canada, Argentina, Australia, and the United States. The U.S.-based practice operates as Valuation Research Corporation.