Skip to Main Content
 

Bloomberg Quotes Dianne Mehany on Cross-Border Tax Disputes Project

June 6, 2018, Daily Tax Report

The IRS and seven other tax administrations, as well as eight multinational companies, will gather in July for a midpoint evaluation of the International Compliance Assurance Program (ICAP), a pilot project designed to limit cross-border disputes.

The basis for the “very important meeting” is to evaluate the process of the pilot program thus far, see where improvements can be made, and compare notes on streamlining the program for a larger roll-out, Douglas O'Donnell, commissioner at the IRS's Large Business and International (LB&I) Division, said June 4 at the 2018 OECD International Tax Conference. But multinationals are also concerned that no consensus has been reached regarding what constitutes high and low tax risks.

. . .

High Versus Low

Under these initiatives, a concern shared by taxpayers is that the definition of low-risk versus high-risk remains unclear, Dianne Mehany, a member at Caplin & Drysdale, Chartered, said.

“Is it a complexity that tends toward high-risk? Is it just your number of countries in which you're present?” Mehany said. “That's something that we would like more direction on.”

For the full article, please visit Bloomberg’s website (subscription required).

Excerpt taken from the article “Cross-Border Tax Disputes Project to Undergo Global Review” by Sony Kassam for Bloomberg Law, Daily Tax Report: International.

________________________________________________

About Caplin & Drysdale
Having celebrated our 50th Anniversary in 2014, Caplin & Drysdale continues to be a leading provider of taxtax controversy, and litigation legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.
The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills -- combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment -- make us one the nation's most distinctive law firms.
With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:
For more information, please visit us at www.caplindrysdale.com.
Washington, DC Office:
One Thomas Circle NW
Suite 1100
Washington, DC 20005
202.862.5000
New York, NY Office:
600 Lexington Avenue
21st Floor
New York, NY 10022
212.379.6000
___________________________
Disclaimer
This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.
Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.
© 2018 Caplin & Drysdale, Chartered
All Rights Reserved.

Related Professionals

Related Practices