Recent proposed tax changes across the globe may have significant implications for companies in the next quarter and beyond. Some of these changes are complex, so it is important that businesses understand them and try to prepare now – particularly for those that take effect in 2024.

Join our Global Tax Desk professionals for insights on recent developments in Australia, Brazil, Hong Kong, Mexico, Switzerland, and the United States and an analysis of how they might affect your businesses. Topics will include:

• Australia’s proposed legislation on the deductibility of intangible payments, changes to debt limitation rules and new public country-by-country reporting measures
• Brazil’s latest transfer pricing reform and proposed indirect tax reform
• Hong Kong’s revised foreign-sourced income exemption rule, which is expected to undergo further legislative changes by year end
• Mexico’s requirement for taxpayers to frequently review their intercompany transactions and level of debt, the entry into force of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), and the potential implications of recent case law
• The new circumstances under which Switzerland will treat cash deposits pooled by a group of corporations as short-term vs. long-term debt, which may affect companies’ current cash pool setups
• Potential US legislative developments around R&D expensing, interest deductibility, bonus depreciation and treaties (Taiwan, Chile), as well as the impact of Notice 2023-55, which provides temporary relief for taxpayers seeking a foreign tax credit