Interesting red flag thrown up by CFO magazine in its recent article on the new administration’s multinational tax plan.  Quoting from the story, “President Obama is pushing Congress to rework tax rules affecting U.S. multinational corporations so that more revenue will flow back into the United States - about $210 billion over the next 10 years, according to the Treasury Department.”

This will be accomplished in large part through the expense-deferral rule, which will restrict deferring tax payments on cross-border profits.

The outlook sheds new light on the international tax story, which we checked in on in this MFA Business Insights post from last month.  We like to keep an eye on these global tax themes, as the opportunities to strengthen business by conducting operations overseas continue to have great appeal.

This entry was posted on Tuesday, May 26th, 2009 at 9:28 am and is filed under Accounting, Globalization. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.