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The race to address corporate profit shifting revs up
First published in the Wall Street Journal, 5 May 2015
It’s a race against time for governments of the worlds’ largest economies seeking a coordinated plan to make it more difficult for multinational corporations to shield profits overseas. Some countries are preparing to act on their own.
"A lot of company CFOs are getting worried that countries will take unilateral measures by themselves,” said Marc Sanders of Taxand Netherlands. “That adds to uncertainty,” he said. “If countries implement their own rules it will be very difficult to adjust those rules and create a multilateral approach,” he added.
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