AudioDigest*

Globalization and the IRS response: What multinational companies need to know

In today's international marketplace, increasing globalization has created a number of challenges for multinational companies. Ever-increasing fiscal demands, competitive pressures, and regulation transparency and disclosure all contribute to an environment of tax risk and exposure. Furthermore, the IRS is more involved in the international arena by collaborating with taxing authorities in various treaty countries, sharing audit techniques, and exchanging tax information.

The result: Potential examinations of international information and additional scrutiny of income tax returns for international issues, as well as lengthy Competent Authority negotiations, to name a few. What is your company doing to understand and prepare for these challenges?

In this podcast, members of PwC's IRS service team, Lou Carlow, Susan Stanley, and Mike Shepherd, as well as Dave Swenson, a member of PwC's transfer pricing practice, discuss some of the key issues multinational corporate taxpayers may face as a result of ever-increasing globalization in the marketplace and the corresponding IRS response. In addition, the panel highlights some practical strategies that taxpayers can implement to prepare for the challenges ahead.

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