Don Korb and Eric Wang Co-Author Article on BEPS for Tax JournalJuly 25, 2014
In its July 25 issue, Tax Journal published a section by Messrs. Korb and Wang titled, “BEPS: the US perspective,” as part of its “Tackling BEPS: progress review” special report. Messrs. Korb and Wang discuss the skepticism that the BEPS (base erosion and profit shifting) project has met in the United States, and outline some of the reasons why U.S. multinationals and the federal government are wary. These concerns include the possibility of double taxation, of increased administrative costs and of an IRS shift from outbound to inbound taxation, among other things. Messrs. Korb and Wang were also featured on the cover of the issue.